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Signature(s)

Amount
€ 485,715,257.39
Countries
Sector(s)
France : € 485,715,257.39
Urban development : € 485,715,257.39
Signature date(s)
14/02/2022 : € 11,453,448.15
14/02/2022 : € 235,715,257.39
14/02/2022 : € 238,546,551.85

Summary sheet

Release date
22 June 2022
Status
Reference
Signed | 14/02/2022
20190721
Project name
Promoter - financial intermediary
CEGELOG AFFORDABLE HOUSING & ENERGY EFFICIENCY
REPUBLIQUE FRANCAISE
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 486 million
EUR 1219 million
Location
Sector(s)
Description
Objectives

The project consists of the energy efficiency renovation of part of the French Ministry of Armed Forces' housing stock as well as the construction of new social and affordable dwellings under a 35-year concession framework.

The aim of the investments of CEGELOG / "Plan Ambition Logement" to be financed by the Bank is to increase the supply of social and affordable housing for low- and medium-income households in France, particularly in areas where there is market tension, i.e., where demand exceeds supply and raise rents to levels unachievable for low- and middle-income families. Construction should take place by densification on existing land, thus contributing effectively to the fight against urban sprawl. The project further supports national and European targets for energy efficiency, and contributes to CO2 emission reduction, thus supporting climate change objectives of the EU and the Bank's priority lending objective concerning energy efficiency. More specifically, it supports the objectives of the European Performance of Buildings Directive (EPBD).

Environmental aspects
Procurement

The overall environmental impact of the project is deemed positive. The project will be implemented in existing brownfield and under-used sites and will include energy efficient measures for the refurbishment that will lead to lower energy consumption. In line with the French legislation, the housing constructions will be required to have the relevant building permits in place before the construction. This means that environmental impact assessments (EIAs) and relevant assessments under the Habitats and Birds Directives, if required, will be completed before. However, this is not expected as the constructions will take place in existing urban areas and refurbishments will not need an EIA.

The concession is awarded through a competitive tendering approach consistent with EIB's Guide to Procurement. The project will be implemented in the form of a concession through a concession contract covering the renovation, construction, rental management, operation and maintenance of the project.

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).

Documents

Environmental and Social Data Sheet (ESDS) - CEGELOG AFFORDABLE HOUSING & ENERGY EFFICIENCY
Publication Date
21 Jul 2022
Document language
Main Topic
Lending
Document Number
132945477
Document Focus
Environmental Information
Project Number
20190721
Sector(s)
Regions
Countries
Publicly available
Download now
scoreboard - CEGELOG AFFORDABLE HOUSING & ENERGY EFFICIENCY
Publication Date
18 Mar 2022
Document Language
English
Main Topic
lending
Document Number
155314914
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20190721
Last update
19 Mar 2022
Sector(s)
Urban development
Countries
France
Publicly available
Download now

News & Stories

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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