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Reference: 20210667
Release date: 4 July 2022

Promoter – Financial Intermediary

ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AG

Location

Description

The operation is aimed at supporting the construction of new affordable housing units in Austria.

Objectives

The operation is aimed at supporting the construction of new affordable housing units in Austria. It will include a 20% climate action and environmental sustainability (CAES) component.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 300 million

Total cost (Approximate amount)

EUR 600 million

Environmental aspects

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Status

Signed - 22/11/2022

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Austria Urban development