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        SPANISH LOCAL AUTHORITIES MBIL

        Signature(s)

        Amount
        € 600,000,000
        Countries
        Sector(s)
        Spain : € 600,000,000
        Credit lines : € 600,000,000
        Signature date(s)
        26/06/2015 : € 100,000,000
        30/07/2015 : € 500,000,000

        Summary sheet

        Release date
        14 April 2015
        Status
        Reference
        Signed | 26/06/2015
        20150099
        Project name
        Promoter - financial intermediary
        SPANISH LOCAL AUTHORITIES MBIL
        Acceptable Counterparts
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 600 million
        not applicable
        Location
        Sector(s)
        Description
        Objectives

        Multibeneficiary intermediated loan dedicated to financing sustainable investments undertaken by Spanish local authorities

        EIB credit line for local entities to finance projects of limited scale in Spain. The projects will constitute infrastructure or sustainable community investments including all basic facilities and installations required to provide a service to the public including in the fields of transport, energy, waste, telecommunications, water, health, education and social housing.

        Environmental aspects
        Procurement

        The Bank will require that sub-projects financed under this loan comply with national legislation and applicable EU environmental legislation, as appropriate.

        The Bank will require that sub-projects financed under this loan comply with national legislation and applicable EU procurement legislation, as appropriate.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

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

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