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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Spain : € 50,000,000
    Transport : € 50,000,000
    Signature date(s)
    6/10/2009 : € 50,000,000
    Link to source

    Summary sheet

    Release date
    20 January 2009
    Status
    Reference
    Signed | 06/10/2009
    20080458
    Project name
    Promoter - financial intermediary
    Puertos de las Palmas Extension

    Autoridad Portuaria de las Palmas

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to Euro 50 million.
    Estimated Euro 130 million.
    Location
    Sector(s)
    Description
    Objectives

    The Project consists of a seaward expansion of the Port of Las Palmas on the Canary Islands, and includes the construction of a new breakwater and additional terminal infrastructure.

    The project will expand capacity at the port of Las Palmas, the main point in the island of Gran Canaria. The port of Las Palmas is a Category A port in the TENs, making the project eligible under article 267 (c). In addition, the Canary islands are a Phasing-In region, making the project eligible also under Convergence following Article 267 (a).

    Environmental aspects
    Procurement

    The project falls under Annex I of Directive 97/11/EC, requiring a full EIA carried out in 2000-2001, including environmental impact studies and public consultation. The environmental authorisation was issued by the Ministerio de Medio Ambiente and published on 11 January 2002 in the Spanish Official Journal. EIA and biodiversity assessment requirements and status for the project will be checked during appraisal.

    The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EEC), with parallel publication of tender notices in the EU Official Journal, as and where appropriate.

    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).

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