Release date: 9 May 2017
Promoter – Financial Intermediary
COMUNIDAD AUTONOMA DEL PAIS VASCOLocation
Description
Loan to finance investments carried out by the regional government of the Basque Country within its 2014-20 operating programme and in the areas of water infrastructure and urban regeneration
Objectives
The project is a multi-sector framework loan supporting the sustainable development of the Basque Country's economy incorporating three components: (i) co-financing selected regional operational programmes (ROPs) for the 2014-2020 programming period; (ii) a regional energy-efficiency and urban rehabilitation programme, and (iii) selected projects under the regional investment plan in the flood prevention, water supply and sanitation sectors.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 703 million
Environmental aspects
The Basque Country as a Spanish region is obliged by national legislation to transpose the relevant EU directives (Directives 2011/92/EU and 2001/42/EC) into national environmental legislation. The Bank's appraisal will focus on the promoter's environmental management capacity to properly apply the Strategic Environmental Assessment (SEA) Directive (2001/42/EC), the Environmental Impact Assessment (EIA) Directive (2011/92/EU), and the requirements of the Habitats and Birds Directives where appropriate. All relevant key documents for the project will be published, in line with the Bank's disclosure policy.
Procurement
The Bank will require the promoter, as a public administration entity, to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EC or 2004/17/EC and Dir. 2007/66/EC), with publication of tender notices in the Official Journal of the EU, as and where appropriate. Projects with values below EU thresholds will be procured according to the provisions laid down in national legislation. Details will be reviewed by the Bank's services during appraisal.
Status
Signed - 11/08/2017
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).