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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Spain : € 200,000,000
Transport : € 200,000,000
Signature date(s)
19/06/2009 : € 77,214,000
27/11/2008 : € 122,786,000
Link to source

Summary sheet

Release date
25 March 2008
Status
Reference
Signed | 27/11/2008
20070527
Project name
Promoter - financial intermediary
Metro de Madrid VI- MINTRA

Madrid, Infraestructuras del Transporte (MINTRA)

 

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

Extension of existing metro lines for a total of 7.8 km and construction of new stations.

The project will contribute to improvements in Madrid’s public transport system by facilitating access to the city centre and increasing service capacity, reliability, frequency and comfort.

Environmental aspects
Procurement

The project falls under Annex II of Directive 97/11/EC, under which the national authorities decide on the need for an Environmental Impact Assessment on a case-by-case basis.  Specific environmental procedures and measures for each project will be checked during appraisal.  Apart from the temporary disturbance for residents during construction, the project should have positive effects on the environment, particularly in view of the improvement in the quality of the urban environment due to the reduction in car traffic and the increased supply of public transport services. 

Procurement procedures applied by the promoter are in compliance with EU Directives applicable to public authorities’ procurement, and national legislation.  Under these conditions, the procurement procedures followed by the promoter are both suitable for the project and satisfactory to the Bank.

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.

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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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