BARCELONA RESILIENT AND SUSTAINABLE CITY II

Promoter – Financial Intermediary

AJUNTAMENT DE BARCELONA

Location

• Spain

Description

Framework Loan to support the implementation of the 2024-2027 multi-annual investment strategy of the Municipality of Barcelona, and supporting the implementation of the Resilience Model and Climate Plan of the City. The project includes, among others, investments in urban renewal and regeneration, including green areas and open spaces, public buildings, sustainable mobility, and the water sector.

Objectives

The project is consistent with the EU Framework for Urban Development and Regeneration. It is also aligned with the European Green Deal, the EU Energy Performance of Building Directive and the Energy Efficiency Directive. The project is also consistent with the EIB strategies and guidelines related to eligible sectors, including the Bank's Urban Lending Review, the Energy Lending Policy, and the Transport Lending Policy. Furthermore, this project is deemed aligned with the Climate Bank Roadmap, and with a low carbon and resilient pathway, consistent with the Paris Agreement goals and principles. The project addresses a number of market failures and will bring important economic and social benefits, contributing to achieving a more integrated, sustainable, and inclusive development, improving the living conditions of the citizens and other people visiting or living in the city. The project will contribute to promoting progress toward multiple Sustainable Development Goals, the most significant one being the contribution to sustainable cities and communities.

Sector(s)

• Urban development - Construction

Proposed EIB finance (Approximate amount)

EUR 275 million

Total cost (Approximate amount)

EUR 554 million

Environmental aspects

The Promoter is deemed as having the adequate capacity to verify the compliance with the relevant EU Directives: EIA Directive 2011/92/EU as amended by Directive 2014/52/EU, SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC, Birds Directive 2009/147/EC, and Water Framework Directive (WFD) 2000/60/EC. Furthermore, for new and refurbished buildings, the Promoter is also deemed capable of ensuring the compliance with EU Directive on Energy Performance of Buildings.

Procurement

The Bank will require the Promoter to ensure that contracts for implementation of the Project have been or will be tendered in accordance with the applicable EU procurement legislation Directive 2014/23/EU / 2014/24/EU / 2014/25/EU 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

Under appraisal - 8/07/2024