Release date: 12 May 2009
Promoter – Financial Intermediary
Aeroportos de Portugal (ANA)
Location
Description
The project concerns the development of Faro Airport on the Portuguese mainland and Ponta Delgada (Joao Paulo II) Airport on the island of San Miguel in the Azores. The primary purpose of the work at Faro is to adapt and expand the terminal, airside and landside facilities.
Objectives
The project is aimed at improving the aircraft operating conditions in Ponta Delgada and at improving the profitability of Faro airport. Both airports fall within the TEN and are located in Convergence and Phasing-out regions.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 70 million.
Total cost (Approximate amount)
Currently estimated at EUR 140 million.
Environmental aspects
The Promoter has confirmed that the development work at Faro and Ponta Delgada requires a formal EIA. The EIAs have been completed, public consultation has taken place and initial rulings provided by the competent authority. Approval has been given subject to certain conditions being met that will be further reviewed by the Bank’s services during subsequent appraisal.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of both project components are tendered in accordance with the relevant applicable EU procurement legislation, with publication of tender notices in the EU Official Journal as and where appropriate. The tendering procedures adopted by the Promoter will be further reviewed during appraisal.
Status
Signed - 23/07/2009