THESSALONIKI MUNICIPAL INFRASTRUCTURE

Promoter – Financial Intermediary

MUNICIPALITY OF THESSALONIKI

Location

• Greece

Description

The operation will finance investments in the medium-term investment programme of the Municipality of Thessaloniki aiming for urban development and regeneration of the city.

Objectives

The project will contribute to urban renewal and transformation by meeting the challenges of the financial crisis and the demographic changes. The project will bring about a significant improvement in the quality of life for the citizens of Thessaloniki and support the municipality's strategy for growth.

Sector(s)

• Urban development - Construction

Proposed EIB finance (Approximate amount)

EUR 20 million

Total cost (Approximate amount)

EUR 50 million

Environmental aspects

Greece, as an EU Member State, has harmonised its environmental legislation in line with the relevant EU directives (2011/92/EU and 2001/42/EC). The Bank's appraisal will focus on the promoter's environmental management capacity to properly apply the Strategic Environmental Assessment (SEA) Directive 2001/42/EC, the Environmental Impact Assessment (EIA) Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. Compliance with the EU Directive on the Energy Performance of Buildings- recast (2010/31/EU), if relevant to the project, will be further examined during appraisal. All relevant key documents for the project will be published, in line with the Bank's disclosure policy.

Procurement

The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with 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.

Status

Signed - 27/09/2017