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Signature(s)

Amount
€ 174,832,000
Countries
Sector(s)
Spain : € 174,832,000
Transport : € 174,832,000
Signature date(s)
27/10/2011 : € 32,232,000
6/10/2011 : € 34,000,000
19/12/2011 : € 34,000,000
26/11/2010 : € 74,600,000
Link to source

Summary sheet

Release date
26 January 2009
Status
Reference
Signed | 26/11/2010
20070123
Project name
Promoter - financial intermediary
Tranvía de Zaragoza PPP

SPV: City of Zaragoza (20%)-Private Partner (80%)

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 50% of the total project cost.
Estimated at around EUR 400 million.
Location
Sector(s)
Description
Objectives

The project concerns the construction and operation of a new 13 km tramway line in the city of Zaragoza, including the realisation of 25 stations and the acquisition of the rolling stock. The new infrastructure will connect Valdespartera, in the southern part of the city, to the Parque Goya in the northern part of the city.

The project will contribute to regional development by improving traffic conditions and the urban environment in Zaragoza.

Environmental aspects
Procurement

The project falls under Annex II of the EIA Directive under which the need for a full Environmental Impact Assessment is decided by the Competent Authority according to the national legislation. The promoter will be required to provide evidence about any decision taken in this respect.

The Promoter is subject to and follows EU procurement procedures including publication in the EU Official Journal (in this particular case, Directive 2004/17/CE). As usual, the Bank will include a clause to this effect in the finance contract. However, all contracts over the relevant EU Directive thresholds will be tendered in accordance with EU law.

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).

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 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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