Dear European Central Bank,
Under the right of access to documents in the EU treaties, as developed in Regulation 1049/2001, I am requesting documents which contain the following information:
I am requesting access to all documents containing information relating to the funding of the new ECB headquarters in Frankfurt.
In particular I would like to know how the ECB are raising the money to fund the development.
The ECB hereby confirms receipt, on 2 December 2013, of your application
for access to “documents containing information relating to the funding
of the new ECB headquarters in Frankfurt” and in particular “how the ECB
is raising the money to fund the development” of the project.
Having looked into your request, we should like to inform you that we have
identified a wealth of publically available information/documentation that
– we believe – precisely addresses the subject matters of your request.
The latest available information on the projected costs of the new ECB
Headquarters building as approved by the Governing Council have been
made public on the press release issued on 20 September 2012. The
ECB’s Annual Report 2012 (pag.170) further informs that up to the end
of 2012 the ECB had spent approximately €600 million in construction and
other costs, including the purchase of the site.
As for the funding of the project, the ECB establishes every year its own
budget and, in addition, has a dedicated multiannual budget for the new
ECB Headquarters building approved by the Governing Council. The budget
is funded out of its own assets that resulted from the investment of the
capital subscribed by its shareholders in line with the EU Treaty and the
Statute of the ESCB and the ECB (see Article 28) and from the income
generated by those assets over the years. Thus the funding of the
construction of the new ECB Headquarters building does not require any
additional financial contributions from EU Member States. The
organisational section on the ECB’s website provides information on the
independence of the ECB and its funds.
Please note that the national central banks (NCBs) of the EU Member States
are the shareholders of the ECB and thus the sole subscribers to and
holders of the capital of the ECB. The NCBs’ shares in this capital are
calculated using a key which reflects the respective country’s share in
the total population and gross domestic product of the EU and is paid in
accordingly. Information on the ECB’s capital subscription is
available at the ECB website.
Further information on the new ECB premises project in general, its vision
and its different planning and construction phases can be found on the
ECB’s website in the new ECB premises section.
Please let us know if this information/documentation satisfies your
European Central Bank
60311 Frankfurt am Main.
Phone+49 69 1344 0
Fax: +49 69 1344 6170