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Signature(s)

Amount
€ 80,000,000
Countries
Sector(s)
Spain : € 80,000,000
Composite infrastructure : € 80,000,000
Signature date(s)
13/12/2002 : € 80,000,000
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Summary sheet

Release date
24 April 2002
Status
Reference
Signed | 13/12/2002
20020064
Project name
Promoter - financial intermediary
Región Cantabria POI 2000 - 2006
Comunidad Autónoma de Cantabria (CAC)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Around EUR 60 m
The CAC's operational programme foresees expenditure of up to EUR 519 m.
Description
Objectives

The project comprises a wide variety of schemes designed to improve basic infrastructure, transport, water and environmental protection. It covers the co-financing of the CAC's investment plan under the 2000-2006 Community Support Framework.

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

Environmental aspects
Procurement

The promoter is required to respect the regulations imposed by European directives. In accordance with its normal procedure, the Bank will ensure that appropriate measures have been taken as regards environmental protection.

The promoter is required to respect the community directives as regards invitations to tender.

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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).

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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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