GEWOFAG SOZIALES & NACHHALTIGES WOHNEN MUENCHEN

The project concerns the financing of an investment programme of primarily new construction and also some retrofitting of rented social and affordable housing in 2016-2020 by GEWOFAG, one of the City of Munich's housing companies which owns and manages some 35,000 units.

The proposed operation is expected to comprise new construction of rented social housing and, to a lesser extent, comprehensive retrofitting and adaption of existing social housing units. The investments will need to satisfy the EIB's eligibility criteria for urban renewal and sustainable communities. The housing investments are anticipated to form part of specific local integrated urban development plans (INSEKs/ Integrierte Stadtentwicklungskonzepte).

Compliance with the relevant EU Directives will be verified during appraisal: EU EIA Directive 2011/92/EU (as amended by Directive 2014/52/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 Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.