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    Signature(s)

    Amount
    € 23,900,000
    Countries
    Sector(s)
    Spain : € 23,900,000
    Transport : € 23,900,000
    Signature date(s)
    24/10/2012 : € 23,900,000
    Link to source

    Summary sheet

    Release date
    12 September 2008
    Status
    Reference
    Signed | 24/10/2012
    20080162
    Project name
    Promoter - financial intermediary
    Puerto de Algeciras - Isla Verde
    Hanjin Shipping Co. Ltd.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 75 million.
    Estimated EUR 150 million.
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the construction of container yard infrastructure and buildings, and the provision of equipment for a 35 ha. new terminal under a 30-year concession at the Port of Algeciras, Cádiz.

    Traffic in the port of Algeciras has been growing rapidly and is expected to continue doing so over the long run. The port is a key transport node for container traffic flows within Europe and between Europe and the rest of the world. The project will increase the capacity of the port of Algeciras to handle container traffic.

    Environmental aspects
    Procurement

    The project’s compliance with all applicable EU and national environmental legislation will be verified during appraisal.

    The Bank will require the promoter to ensure that the contracts related to the project have been or shall be tendered in accordance with EU public procurement procedures.

    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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