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Signature(s)

Amount
€ 175,000,000
Countries
Sector(s)
Spain : € 175,000,000
Solid waste : € 175,000,000
Signature date(s)
23/10/2009 : € 8,400,000
23/10/2009 : € 166,600,000
Link to source
Other links
Summary sheet

Summary sheet

Release date
8 September 2009
Status
Reference
Signed | 23/10/2009
20090292
Project name
Promoter - financial intermediary
FCC Medio Ambiente
Fomento de Construcciones y Contratas S.A. (FCC)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 175 million.
Up to EUR 350 million.
Location
Sector(s)
Description
Objectives

The project consists of the acquisition of a fleet for urban sanitation services (namely garbage collection and street-cleaning) and other related investments across some 130 Spanish municipalities (more than 10% of them having signed the Covenant of Mayors).

The vehicles are designed to improve energy efficiency and/or to use fuels not affecting climate change (natural gas, electricity) with the purpose of reducing green house gases and other pollutant emissions.

Environmental aspects
Procurement

The construction of the new vehicles will take place in the manufacturer’s plants and does not fall within the scope of Directive 85/337/EEC (as amended); same for other equipment components. Therefore no EIA (nor SEA) is required for the project.

Being a private company, FCC is not subject to EU procurement regulations and thus it can apply its own procedures. Notwithstanding, the promoter has shown the Bank the principles applied for the acquisition of the vehicles being the object of the project, which are deemed quite well established and internally transparent.

Link to source
Summary sheet
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).

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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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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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