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Signature(s)

Amount
€ 49,223,457.52
Countries
Sector(s)
Spain : € 49,223,457.52
Telecom : € 49,223,457.52
Signature date(s)
2/12/2005 : € 49,223,457.52
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Summary sheet

Release date
9 August 2002
Status
Reference
Signed | 02/12/2005
20010450
Project name
Promoter - financial intermediary
RETECAL Cable telecom - AFI
RETECAL, Sociedad Operadora de Telecomunicaciones de Castilla y León, S.A. (RETECAL)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 75% of project cost.
Approximately EUR 125 million
Location
Sector(s)
Description
Objectives

This project consists of the expansion of a broadband cable telecom network in the Castilla y León region to provide telephony, cable TV and Internet services.

This project fits well within the Bank's mission to support regional development, competitiveness and innovation investments.

Environmental aspects
Procurement

The electronic equipment will be housed in office-type buildings and most of the cables will be placed inside ducts. The negative effects will be the erection of a few antennas, the visual effects of cables laid along facades and temporary traffic disruptions caused by civil works. Compliance with regional, national and EU legislation will be assessed during appraisal.

The promoter operates in a fully competitive market and is thus not bound to EU Directive 93/38/EEC (see also EC Communication 1999/C 129/C5), concerning supply contracts. Purchase of services, works and equipment should be procured following enquiries, restricted or open biddings. These procedures and its cost effectiveness will be checked during the appraisal.

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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.

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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 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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