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Signature(s)

Amount
€ 345,000,000
Countries
Sector(s)
Portugal : € 345,000,000
Transport : € 345,000,000
Signature date(s)
28/04/2010 : € 45,000,000
28/04/2010 : € 300,000,000
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Summary sheet

Release date
20 January 2010
Status
Reference
Signed | 28/04/2010
20080510
Project name
Promoter - financial intermediary
Subconcessão do Pinhal Interior

Estradas de Portugal, S.A.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 345 million.
Currently estimated at EUR 690 million.
Location
Sector(s)
Description
Objectives

The project comprises the construction of 47km of new 2x2 motorway, widening of 13km of 2x1 roads to 2x2 motorway standard, construction of 16km of new 2x1 roads and upgrading of 171km of 2x1 works, in the centre of Portugal.

To promote regional development. To reduce travel times and vehicles operating cost, and enhance safety.

Environmental aspects
Procurement

During appraisal, the Bank will review the EIA process adopted currently by the grantor for all road sections to confirm that it complies with applicable EU Directives, domestic legislation, and any relevant international conventions to which Portugal is a party. Appraisal will also cover the proposed arrangements, as prescribed in the concession agreement or otherwise, for any further assessment, design, implementation, operation and monitoring activities that seek to avoid or mitigate negative environmental or social impacts.

The Bank will review the procurement process during appraisal to confirm that it complies with the applicable EU Directive.

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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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