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    Signature(s)

    Amount
    € 475,000,000
    Countries
    Sector(s)
    Spain : € 475,000,000
    Transport : € 475,000,000
    Signature date(s)
    28/12/2010 : € 175,000,000
    7/12/2010 : € 300,000,000

    Summary sheet

    Release date
    29 September 2010
    Status
    Reference
    Signed | 07/12/2010
    20060432
    Project name
    Promoter - financial intermediary
    AVE Valladolid – Burgos

    Administrador de Infraestructuras Ferroviarias (ADIF)

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 750 million.
    Around EUR 1 500 million.
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the financing of high-speed infrastructure between Valladolid and Burgos. The total length of the new line is approximately 105 km (excluding the Burgos bypass).

    The project forms part of the Spanish high-speed North-west corridor, running from Madrid – Valladolid to the main cities of the regions of Castilla y Leon, Basque Country and towards French border.

    Environmental aspects
    Procurement

    According to EU Directive 85/337/EEC amended by 97/11/EC and 2003/35/EC, the project falls into the Annex I category and therefore an EIA is mandatory. Compliance with national and EU environmental legislation as well as potential impacts on Natura 2000 network will be verified during appraisal. Environmental approval for the project (Declaración de Impacto Ambiental – DIA) was given on the 14 July 2006 by the Ministry of Environmental Affairs.
    The project planning predates the SEA Directive 2001/142/EC.

    The promoter has complied with the requirement of publication of tender notices both in the National and EU Official Journal for all the contract notices and all the contract awards (covering design, construction and works supervision contracts) for the Project up to the moment and is expected to do so in the remaining contracts to be procured.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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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    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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