AFFORDABLE PASSIVE HOUSE LIVING SPACE INNSBRUCK

Promoter – Financial Intermediary

INNSBRUCKER IMMOBILIEN GMBH UND CO KG

Location

• Austria

Description

The project will finance the construction of highly energy efficient social housing units in the city of Innsbruck.

Objectives

The affordable housing units will be built using higher energy efficiency standard, therefore expected to reduce energy consumption and greenhouse gas (GHG) emissions.

Sector(s)

• Industry - Construction

Proposed EIB finance (Approximate amount)

EUR 54 million

Total cost (Approximate amount)

EUR 108 million

Environmental aspects

It is expected that these housing units will perform at least 20% better than the Nearly-Zero Energy Building (NZEB) standard set by the current Austrian regulation,The project will be aligned with the EU Directive (2018/844/EU) amending the 2010 Energy Performance of Buildings Directive (Directive 2010/31/EU) and Directive 2018/2002/EU amending Directive 2012/27/EU on energy efficiency. During the construction stage, the project implementation may lead to increased noise and vibration level and may affect quality air. Adequate mitigation measures will be implemented together with the enforcement of best practices. The project impacts at construction stage will be reversible and temporary at a level that are deemed acceptable. The EIB will review the environmental and social permitting as well as building permits issuance to ensure compliance with EIB standards.

Procurement

The promoter has to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU where applicable, as well as Directive 92/13/EEC or Directive 89/665/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 - 9/03/2022