Release date: 12 February 2024
Promoter – Financial Intermediary
UKRAINELocation
Description
The framework loan will support the rapid rehabilitation and repair taking energy efficiency measures of privately-owned residential multi-apartments buildings damaged by the war.
Objectives
The aim is to support energy efficient repair of war damaged multiapartment buildings in Ukraine's selected cities. Priority will be given to energy efficient repair of partially damaged housing units to rapidly increase the number of housing units available in the market to the benefit of potential returnees and internally displaced persons. The loan proceeds will cover the energy efficient reconstruction of common areas of multi-apartment blocks, while repair of individual apartments will be carried on by owners received compensation from the state.
Comments
The promoter has to ensure adequate visibility of the EU contribution through the EU Guarantee for EIB Loan.
Sector(s)
- Industry - Construction
Proposed EIB finance (Approximate amount)
EUR 230 million
Total cost (Approximate amount)
EUR 291 million
Environmental aspects
The individual schemes to be financed are likely to be small and are expected to have very limited negative environmental impacts, if any at all. Given the scale, location and nature of the schemes in built-up urban areas, Environmental Impact Assessment (EIA), as defined under the EIA Directive 2014/52/EU amending Directive 2011/92/EU, would not normally be required if this project was within the EU. The project's compliance with all applicable national environmental legislations as well as the EU environmental and social principles and standards will be verified during appraisal. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, to climate mitigation.
Procurement
The promoter has to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.
Status
Approved - 21/03/2024
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).