LEUVEN CLIMATE CITY FRAMEWORK LOAN

Promoter – Financial Intermediary

STAD LEUVEN

Location

• Belgium

Description

The project consists in a Framework Loan (FL) to support the multi-sector investment plan of the City of Leuven, including the implementation of its urban regeneration and climate city strategies.

Objectives

The aim is to finance multi-sector urban development schemes in Leuven, in particular the refurbishment and upgrade of public buildings including Energy Efficiency (EE) and Renewable Energy (RE) measures, open public spaces and green areas, sustainable mobility schemes, urban renewal and new infrastructure, public lighting, affordable housing, school refurbishments and cultural heritage buildings.

Sector(s)

• Urban development - Construction

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

EUR 414 million

Environmental aspects

The promoter's environmental management capacity to properly apply the relevant EU Directives will be verified during appraisal, particularly with regard to EU Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended by Directive 2014/52/EU, EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC, EU Energy Performance of Buildings Directive EU/2010/31 and Energy Efficiency Directive EU/2023/1791 as revised in 2023, and the Urban Waste Water Treatment Directive (91/271/EEC). The status of environmental studies and public consultations related to the construction and refurbishment investments will also be further assessed during project appraisal. The schemes under the Framework Loan should have an overall positive impact on the environment by promoting sustainable urban development and reducing energy consumption. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate mitigation, climate adaptation, transition to circular economy, and pollution prevention.

Procurement

The promoter shall ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, Directives 2014/24/EU and 2014/25/EU as well as Directive 92/13/EEC or Directive 89/665/EE] 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 - 18/12/2024