LUND MUNICIPAL INVESTMENTS

Promoter – Financial Intermediary

LUNDS KOMMUN

Location

• Sweden

Description

The project concerns the financing of investment schemes forming part of the city of Lund's four-year investment programme from 2015 to 2018.

Objectives

The project is expected to comprise a number of small to medium-sized schemes in the fields of education, childcare and transportation as well as investments in housing and other municipal infrastructure.

Sector(s)

• Urban development - Construction

Proposed EIB finance (Approximate amount)

SEK 2000 million (EUR 216 million)

Total cost (Approximate amount)

SEK 4243 million (EUR 458 million)

Environmental aspects

Sweden, 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) and 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) will be further examined during appraisal.

Procurement

The Bank will require the promoter, as a public administration entity, to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 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 appropriate. The details would be reviewed by the Bank's services during appraisal.

Status

Signed - 28/04/2016