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Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Spain : € 250,000,000
Health : € 250,000,000
Signature date(s)
11/05/2010 : € 250,000,000
Link to source
Data sheet
Other links

Summary sheet

Release date
17 June 2009
Status
Reference
Signed | 11/05/2010
20080760
Project name
Promoter - financial intermediary
Sanidad Valencia 2009-2011

Comunidad Valenciana

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 300 million.
Estimated EUR 770 million.
Location
Sector(s)
Description
Objectives

The ongoing health development and infrastructure plan of the Autonomous Region of Valencia involves the completion of a number of small health infrastructure investments, as well as a major investment in Valencia General University Hospital over the period between 2009 and 2012. The programme includes:

  • The creation of 43 new primary health care centres appropriately located across the Region and the rehabilitation and extension of 18 others;
  • The construction of five new small hospitals and the rehabilitation and extension of 11 others;
  • The replacement of the Valencia General University Hospital (Hospital La Fe), which is currently being rebuilt on a Greenfield site and expected to be complete in 2010.

Located in a phasing-in region of Spain, the project is eligible under the convergence objective; as a health project, it responds to the Environmental priority objective under “sustainable communities” (health). As a result of the development of Valencia General University Hospital’s clinical education and research role, the project is also expected to respond to the Bank’s Knowledge Economy objective. The proportion of the project attributable to the Knowledge Economy objective will be explored during appraisal.

Environmental aspects
Procurement

Health facilities are not specifically mentioned in the EIA Directive on Environmental Impact Assessment, though the project is covered by Annex II of the Directive in relation to urban development. The Bank’s services will verify the EIA screening decision of the Competent Authority during appraisal.

Procurement procedures applied by the promoter are in compliance with EU Directives.

Link to source
Other links

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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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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