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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

    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.

    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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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