SOZIALE STADTERNEUERUNG HAMBURG II

The proposed investment loan with SAGA GWG will be the second project with the City of Hamburg's social housing company for the financing of retrofitting and new construction of social housing and associated infrastructure.

Rehabilitation and construction of urban and social infrastructure in selected districts of Hamburg. The housing investments will need to satisfy the EIB's eligibility criteria for urban renewal and sustainable communities.

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. The status of any environmental studies and public consultations related to the urban renewal, upgrading and construction investments will be reviewed during project appraisal. Energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed during project appraisal.

The promoter does not operate in the utilities sector, does not have the status of a contracting authority and operates in a competitive environment. Thus, it is not covered by the EU directives on procurement. Details for the awarding of the contracts will be further examined during appraisal.