Release date: 25 July 2017
Promoter – Financial Intermediary
Metro de Madrid, S.A.Location
Description
The project concerns the investment programme for the rehabilitation, renewal and upgrade of the infrastructure of Madrid's metro network in Spain.
Objectives
The project will benefit the residents of the city of Madrid and its suburbs. The project will improve the quality of the underground passenger transport service, reduce travel time, generate operating-cost savings, improve the travel experience and promote modal shift from road to rail. The project will therefore contribute towards sustainable transport in line with EU objectives for sustainable urban mobility and the reduction of greenhouse gas emissions.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 402 million
Environmental aspects
The project is made up of a high number of sub-components. Due to the nature of the works – rehabilitation or upgrades of the metro lines, including stations – it is not expected to require an environmental impact assessment (EIA). However, the need for an EIA may vary between project components and will be analysed on a case-by-case basis, together with any potential significant impact on protected areas.
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 2014/24/EU as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.
Status
Signed - 15/06/2018
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).