Early Warning System

Countries

Greece

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Government of Greece

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Construction
Law and Government
Technical Cooperation

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Grant

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 15, 2025

Disclosed by Bank Jul 2, 2025

Contribute Information
Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the objective of this assignment is to develop a comprehensive implementation plan for social housing in Greece via the use of the PPP model and standardise a financial analysis, and the Partnership Agreement and Annexes in this sector in Greece.

The development of a robust social housing implementation plan aims at promoting social inclusion and improving the quality of life for many individuals and families. A well-implemented social housing program can also stimulate economic growth, create jobs, and foster community development, while achieving urban regeneration via the redevelopment of underutilised/vacant sites.

In the context of the Assignment the Consultant shall perform, inter alia, the following tasks:

• Assessment of the current social housing situation and needs in Greece.
• Development of a tailored PPP model for social housing.
• Identification of and engagement with key stakeholders through a structured engagement plan.
• Development of a detailed roadmap for the implementation of the national social housing strategy.
• Commercial analysis and initial cost estimate of the chosen PPP model.
• Financial analysis including the development of a feasibility-level financial model to determine the feasibility and sustainability of the PPP model.
• Standardisation of Partnership Agreement and Annexes to support the effective implementation of social housing PPP projects in Greece.

The EBRD, in collaboration with the Ministry of the National Economy and Finance, are launching this assignment to support the Government of Greece and other relevant stakeholders in formulating a national social housing implementation plan via a PPP and assess this form of PPP financially.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Investment amount not available at the time of disclosure.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html