BARCELONA URBAN RENEWAL

Promoter – Financial Intermediary

Ayuntamiento de Barcelona

Location

• Spain

Description

The project involves financing selected components of the investment plan supporting the Barcelona Strategic Framework and road map 2012-2015. The investment projects will focus on the adaptation and improvement of public buildings, education, health, social and administrative, social housing renovation, urban infrastructure and information and telecommunication and information society projects.

Objectives

Support for Urban Renewal and Regeneration
Climate action

Sector(s)

• Urban development
• Industry

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 657 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 II of the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. 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 79/409/EEC), 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.

Procurement

The promoter, as a public administration entity, is required to follow the EU public procurement rules (2004/18/EC), including the publication of contract notices in the EU Official Journal as implemented by national law, if and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in national legislation.

Status

Signed - 2/07/2014