Release date: 1 October 2003
Promoter – Financial Intermediary
The Ministry of Environment of the State of Lower Saxony via responsible “Deichverbände”Location
Description
The project concerns the upgrading of flood protection facilities (e.g. dykes, dams, reservoirs etc) in municipalities along the river Elbe and its tributaries in the north eastern part of Niedersachsen, which were heavily affected during the summer floods in summer 2002. The project is part of an overall programme which runs from 2003 to 2006 and comes in addition to measures included in the previous project “Hochwasserschutz Niedersachsen”. About 90% of the planned measures are located in assisted areas (objective 2).
Objectives
The project’s economic interest is directly linked to an improvement in the quality of life of the people residing in flood risk areas of Niedersachsen by lowering the probability of property damage and future economic disruption (tourism, commerce) resulting from floods. A number of project schemes are located in Objective 2 or national assisted areas (to be verified).
Comments
Environmental protection
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of project costs
Total cost (Approximate amount)
Up to EUR 30 million
Environmental aspects
The project will have some impact on areas protected by the Flora Fauna Habitat Directive. The requirement for Environmental Impact Assessments (EIA) and the integration of environmental issues in the decision making procedure for individual projects will be examined during appraisal.
Procurement
Procurement procedures applied by the promoter should be in compliance with European Council Directives applicable to public authorities and national legislation.
Status
Signed - 22/01/2004