Release date: 6 May 2014
Promoter – Financial Intermediary
The Kingdom of Spain, through its Ministry of Public Works and Transport ("Fomento").Location
Description
The project concerns the implementation of an interoperable dual gauge railway line along the Spanish Mediterranean coast from Castellbisbal (Barcelona) to Almussafes (Valencia), and the construction of a connection with the high-speed line Madrid-Barcelona-French border.
Objectives
The project aims at ensuring railway interoperability for rail traffic between the French border and Algeciras in southern Spain along the Spanish Mediterranean coast.
Comments
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 1050 million
Total cost (Approximate amount)
EUR 1400 million
Environmental aspects
The project is expected to decrease the negative impacts associated with road traffic and have positive impacts on the environment thanks to the modal transfer to rail.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/18/EC/ or 2004/17/EC and Directive 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 21/11/2014
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).