Release date: 24 October 2003
Promoter – Financial Intermediary
AHORRO Y TITULIZACION, SOCIEDAD GESTORA DE FONDOS DE TITULIZACION, S.A. (AyT)Location
Description
Projects of limited scale to finance industry, tourism and services and infrastructure investments related to transport, urban renewal, education, health, the improvement of infrastructures in assisted areas, environment protection and reduction in pollution, as well as energy savings and diversification.
Objectives
The project will contribute to regional development by improving infrastructures in assisted areas and also by contributing to environmental protection and reduction in pollution, as well as rational use of energy and diversification.
Comments
Industry, tourism, services, infrastructure, environmental protection, energy, health, education and housing.
Sector(s)
Proposed EIB finance (Approximate amount)
The EIB funding would represent up to 50% of individual allocations and about 33% of total investment in projects.
Total cost (Approximate amount)
Not available
Environmental aspects
In accordance with the Bank’s global loan policy, AyT will ensure that national legislation and EU directives will be applied as regards environmental protection.
Procurement
In accordance with the Bank’s global loan policy, AyT will ensure that national legislation and EU tendering directives are applied.
Status
Signed - 4/12/2003