📋 Tender Overview
Reference: 20250227
Release date: 7 July 2025
Promoter – Financial Intermediary
REGION OF CRETE,REGION OF NORTH AEGEAN,REGION OF PELOPONNESE,REGION OF SOUTH AEGEAN,REGION OF WESTERN MACEDONIA
Location
Greece
Description
The project is structured as a multisector Framework Loan in support of Just Transition in the regions of Western Macedonia, Crete, North Aegean, South Aegean and Peloponnese and is expected to fall under the Public Sector Loan Facility (PSLF, Pillar III of the Just Transition Mechanism). The project comprises the schemes under the investment programmes of the aforementioned regions aiming to support the implementation of their Territorial Just Transition Plans.
Objectives
The project aims to address some of the social, economic, environmental and climate transition challenges (as described in the Just Transition Territorial Plans of the relevant regions and their Regional Development Programmes 2021-2025). The project includes multi-sector investment schemes in the sectors of transport, education, energy efficiency, digitalisation, culture and social care.
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Water, sewerage - Water supply; sewerage, waste management and remediation activities
Urban development - Construction
Transport - Transportation and storage
Services - Information and communication
Education - Education
Health - Human health and social work activities
Proposed EIB finance (Approximate amount)
EUR 168 million
Total cost (Approximate amount)
EUR 234 million
Environmental aspects
The project comprises a multi-scheme operation classified as a Framework Loan and some of the schemes may eventually fall under Annex I or Annex II of the EIA Directive 2011/92/EU as amended by Directive 2014/52/EU. Should any such scheme have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 2009/147/EC), the Bank would require the Promoter to act according to the provisions of the aforementioned Directives as transposed into the national law. It is a requirement that all schemes must be implemented in compliance with the EU environmental legislation. Where and if applicable and based on a risk-based approach as defined in the EIBG E&S Policy, the requirements of the Environmental Impact Assessment Directive 2011/92/EU as amended by Directive 2014/52/EU, Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC, will be checked during appraisal. Environmental and efficiency improvements in public buildings will be required to comply with the provisions of the EU Directive on Energy Performance of Buildings 2010/31/EU.
Procurement
The Bank will require the Promoters to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation: Directive 2014/23/EU/ 2014/24/EU as well as Directive 92/13/EEC or Directive 89/665/EEC
