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        DESENVOLVIMENTO MADEIRA 2000-2006

        Signature(s)

        Amount
        € 200,000,000
        Countries
        Sector(s)
        Portugal : € 200,000,000
        Composite infrastructure : € 200,000,000
        Signature date(s)
        22/11/2002 : € 65,000,000
        24/03/2006 : € 135,000,000

        Summary sheet

        Release date
        9 August 2002
        Status
        Reference
        Signed | 22/11/2002
        20020024
        Project name
        Promoter - financial intermediary
        Desenvolvimento Madeira 2000-2006.
        Madeira Autonomous Region.
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Around EUR 200 mio.
        Estimated at EUR 1.2bn.
        Location
        Sector(s)
        Description
        Objectives

        The project comprises a wide variety of schemes designed to improve basic infrastructure, roads, social and rural development, education, health, energy, fishing industry and environmental protection. It covers the co-financing of the Region's investment program (POPRAM III) under the 2000-2006 Community Support Framework.

        The project will contribute to regional development by modernising and increasing the competitiveness of the Madeira economy as well as providing for basic infrastructure requirements and environmental protection measures.

        Environmental aspects
        Procurement

        The requirements of Directive 97/11/CE have been transposed into national legislation and, indeed, given the sensitivity of the local environment, development policy is in many aspects less permissive than elsewhere within EU.

        Because EU procurement directives have been adopted nationally/locally, all schemes comply with prevailing EU procurement protocols.

        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.

        Media enquiries

        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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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