FORESTRY & COASTAL MANAGEMENT

Financing of investments in the rehabilitation of coastal areas, recovery of areas affected by forest fires and other investments targeted at environmental protection in Spain.

Objectives

The project concerns investments aiming to restore and protect coasts, maintain and improve capacity to fight forest fires, and restore forests damaged by fires in 2012.

Comments

Sector(s)

Agriculture, fisheries, forestry
Water, sewerage, solid waste

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 400 million

Environmental aspects

The operation is expected to deliver multiple environmental benefits. Certain activities included in the overall project may require an EIA subject to judgment of competent authority, in accordance with Annex II of EIA Directive (2011-92/EU). Where an action may affect a Natura 2000 site (designated according to Habitats Directive 92/43/EEC / Birds Directive 79/409/EEC), the Bank requires the promoter to follow the directives' procedures as transposed into national law.

Procurement

The procurement procedures to be employed will be reviewed by the Bank's services, to ensure compliance with the EIB's Procurement Guidelines. Where the Beneficiary is a public administration entity, it will be required to follow the EU public procurement rules (2004/18/EC) including publication of contract notices in the EU Official Journal as implemented by national law. Compliance with these Directives will be confirmed at appraisal.

Status

Under appraisal - 06/03/2013.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

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

EIB Transparency Policy

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Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.