Release date: 15 May 2008
Promoter – Financial Intermediary
Instituto da Habitação e da Reabilitação Urbana
Location
Description
Framework loan
Objectives
The framework loan will support the financing of infrastructure and public space renewal and requalification, the rehabilitation of dilapidated social housing and the construction of new social housing to resettle people living in substandard accommodation, being undertaken by IHRU-sponsored initiatives in deprived neighbourhoods in Portugal.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
Compliance with EU environmental directives and national laws shall be ensured. In principle, measures and programmes focusing on upgrading of existing housing stock will not require an EIA under EU Directive (85/337/EEC as amended 97/11/EC) but this will be further verified during appraisal. Should some components of the project involve construction in greenfield areas, the promoter will be required to produce an EIA.
Procurement
Compliance with EU procurement directives and national laws shall be ensured.
Status
Signed - 30/10/2008