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    Signature(s)

    Amount
    € 60,000,000
    Countries
    Sector(s)
    Spain : € 60,000,000
    Urban development : € 60,000,000
    Signature date(s)
    18/09/2002 : € 60,000,000
    Link to source

    Summary sheet

    Release date
    18 May 2002
    Status
    Reference
    Signed | 18/09/2002
    20020082
    Project name
    Promoter - financial intermediary
    Gran Canaria Urban Rehabilitation
    Cabildo de Gran Canaria.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Approximately EUR 60 m
    Estimated cost of EUR 120 m
    Location
    Sector(s)
    Description
    Objectives

    Improvement of basic infrastructure in the island of Gran Canaria, such as sanitation, traffic, transport, urban development, social and educational infrastructure, cultural heritage and sport facilities.

    Supporting the economic development of the island of Gran Canaria and improving the quality of life of its habitants and visitors.

    Environmental aspects
    Procurement

    The promoter is required to respect the regulations imposed by the Directive 97/11/EC. In accordance with its normal procedure, the Bank will ensure that appropriate measures have been taken as regards environmental protection; in particular special measures for impact mitigation have been clearly identified during the design process.

    The promoter adheres to EU directives, with all contracts over the relevant thresholds submitted to international tendering with publication in the EC Official Journal.

    Link to source

    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

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    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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