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Signature(s)

Amount
€ 36,800,000
Countries
Sector(s)
Spain : € 36,800,000
Solid waste : € 36,800,000
Signature date(s)
29/07/2004 : € 36,800,000
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Summary sheet

Release date
6 October 2002
Status
Reference
Signed | 29/07/2004
20020260
Project name
Promoter - financial intermediary
Cantabria solid waste management

URBASER, S.A., a private company fully owned by GRUPO DRAGADOS, S.A., was created in 1989 to diversify its activities into the waste management sector.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 50% of the total project cost
Around EUR 73.6 million
Location
Sector(s)
Description
Objectives

The project involves a number of investments related to the integrated waste management system in Cantabria.

The project will contribute to the rationalization of waste management in Cantabria, reducing the landfill of waste and increasing the recycling of materials, as well as promoting the rational use of energy.

Environmental aspects
Procurement

The project complies with Directive 75/442/EEC ,as amended by 91/156/EEC, by promoting the recycling and processing of waste. It also falls under Annex II of Directive 97/11/EC, and in this particular case the competent authority has required a full environmental impact assessment.

EIB procurement rules will pertain.

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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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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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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.

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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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