Release date: 15 August 2019
Promoter – Financial Intermediary
GEWOBA AG WOHNEN UND BAUENLocation
Description
The operation will finance a social and affordable housing investment programme (new buildings and refurbishments) in the federal city state of Bremen.
Objectives
The Bank's loan will finance the construction and comprehensive retrofitting of rented social and affordable housing in 2018-2022 by the housing company Gewoba.
Sector(s)
- Urban development - Construction
Proposed EIB finance (Approximate amount)
EUR 170 million
Total cost (Approximate amount)
EUR 583 million
Environmental aspects
Compliance with the relevant EU Directives will be verified during appraisal: EU EIA Directive 2011/92/EU, EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. Applicable energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed during appraisal.
Procurement
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions.
Status
Signed - 2/12/2020