Release date: 12 March 2019
Promoter – Financial Intermediary
LAUSITZER UND MITTELDEUTSCHE BERGBAU-VERWALTUNGSGESELLSCHAFT MBHLocation
Description
The project concerns the rehabilitation, stabilisation and remediation of former lignite mining sites in the Federal State of Brandenburg during 2019-2022 and their return to economic use including as recreational lakeland area.
Objectives
This project will improve the management of natural resources and foster environmental rehabilitation.
Sector(s)
- Agriculture, fisheries, forestry - Agriculture, forestry and fishing
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 472 million
Environmental aspects
The project will support the rehabilitation, recovery and reclamation of Germany's former lignite mines and it is expected to deliver multiple environmental benefits. Certain activities included in the overall project may require an Environmental Impact Assessment (EIA) subject to the judgement of the competent authority, in accordance with Annex II of EIA Directive (2011-92/EU). Where an action may affect a Natura 2000 site (designated according to Habitats Directive 92/43/EEC / Birds Directive 79/409/EEC), the Bank requires the promoter to follow the directives' procedures as transposed into national law.
Procurement
The Bank will require the promoter to ensure that contracts for the implementation of the project shall be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU and Directive 2007/66/EC, as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.
Status
Under appraisal - 4/03/2019
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).