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    Signature(s)

    Amount
    € 340,000,000
    Countries
    Sector(s)
    Spain : € 340,000,000
    Telecom : € 340,000,000
    Signature date(s)
    2/12/2005 : € 50,000,000
    21/12/2005 : € 90,000,000
    2/12/2005 : € 100,000,000
    2/12/2005 : € 100,000,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    9 November 2004
    Status
    Reference
    Signed | 02/12/2005
    20000612
    Project name
    Promoter - financial intermediary
    Ono cable telecom
    Cableuropa S.A.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 400 million.
    Project cost is estimated at about EUR 850 million.
    Location
    Sector(s)
    Description
    Objectives

    The project consists in the expansion of the promoter’s telecom network infrastructure in its franchise areas in the Mediterranean region (Castellón, Valencia, Palma de Mallorca, Alicante and Murcia), the Andalusia region (Cádiz, Huelva and Jerez), the North (Cantabria) and the Center of Spain (Castilla La Mancha and Castilla-León). It includes the company’s investment programme for the construction and expansion of its state-of-the-art optical-fibre broadband telecom network. Network reach comprises an addressable market of 7.0 million homes, representing approximately 34% of the homes in Spain.

    This project falls under the scope of the Bank's mission to support regional development, competition and innovation investments.

    Environmental aspects
    Procurement

    EU Directive 97/11/EC is not applicable as telecom projects have only minimal and temporary environmental effects. Negative impacts include temporary road congestion and other related disruptions during the installation of underground cables. The TV, switching and transmission equipment will be housed in office-type buildings and most of the cables will be placed in underground ducts without a negative environmental impact.Concerning the EU Council Directive 92/43/EEC “Habitats” and the Decision 97/266/EC, the areas covered by the promoter network (only urban areas) are not included in the Natura 2000 sites.

    The promoter is a private company operating in a fully competitive market to which EU Directives on procurement (EU Directive 93/38/EEC as well as EC Communication 1999/C 129/C5) do not apply.

    Link to source
    Summary sheet

    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).

    News & Stories

    Link to source
    Other links
    Data sheet
    Summary sheet

    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.

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    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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