Release date: 23 August 2001
Promoter – Financial Intermediary
Autoridad Portuaria de Valencia (APV)Location
Description
The project includes several improvements and extensions in the Port of Sagunto, which is under the responsibility of APV.The EIB has already contributed to financing the extension programme of the Port of Valencia.
Objectives
The project will contribute to regional development by rationalising the activities in the port, adapting the infrastructure of the port to specific types of vessels/merchandise.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of the total project cost
Total cost (Approximate amount)
Around EUR 210 million
Environmental aspects
The promoter is required to respect the norms imposed by the Directive 97/11/EC. In accordance with its normal procedure, the Bank will ensure that appropriate measures have been defined as regards environmental protection.
Procurement
The promoter is required to respect the European Union directives as regards invitations to tender.
Status
Signed - 18/07/2003