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    Signature(s)

    Amount
    € 345,000,000
    Countries
    Sector(s)
    Portugal : € 345,000,000
    Transport : € 345,000,000
    Signature date(s)
    28/04/2010 : € 45,000,000
    28/04/2010 : € 300,000,000

    Summary sheet

    Release date
    20 January 2010
    Status
    Reference
    Signed | 28/04/2010
    20080510
    Project name
    Promoter - financial intermediary
    Subconcessão do Pinhal Interior

    Estradas de Portugal, S.A.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 345 million.
    Currently estimated at EUR 690 million.
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the construction of 47km of new 2x2 motorway, widening of 13km of 2x1 roads to 2x2 motorway standard, construction of 16km of new 2x1 roads and upgrading of 171km of 2x1 works, in the centre of Portugal.

    To promote regional development. To reduce travel times and vehicles operating cost, and enhance safety.

    Environmental aspects
    Procurement

    During appraisal, the Bank will review the EIA process adopted currently by the grantor for all road sections to confirm that it complies with applicable EU Directives, domestic legislation, and any relevant international conventions to which Portugal is a party. Appraisal will also cover the proposed arrangements, as prescribed in the concession agreement or otherwise, for any further assessment, design, implementation, operation and monitoring activities that seek to avoid or mitigate negative environmental or social impacts.

    The Bank will review the procurement process during appraisal to confirm that it complies with the applicable EU Directive.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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