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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Spain : € 50,000,000
    Urban development : € 3,000,000
    Transport : € 47,000,000
    Signature date(s)
    7/06/2011 : € 3,000,000
    7/06/2011 : € 47,000,000

    Summary sheet

    Release date
    21 January 2011
    Status
    Reference
    Signed | 07/06/2011
    20100328
    Project name
    Promoter - financial intermediary
    Soterramientos Ferroviarios Valencia

    Red de Transporte y Puertos de la Generalitat Valeciana (EGTP).

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 100 million
    Up to EUR 300 million
    Description
    Objectives

    The project consists of putting underground three stretches of the existing surface railway lines (Metrovalencia lines 1 and 3) in three densely populated areas (Alboraia, Benimàmet, Burjassot) of the Valencia metropolitan area.

    The aim of the project is to improve safety, reliability and level of service of the metro lines concerned, contributing to an enhancement of urban mobility and road safety by freeing the new spaces created at the surface for integrated urban development, thus contributing to improve the quality of life of the residents.

    Environmental aspects
    Procurement

    As a public enterprise of a Member State, GTP is obliged to follow the relevant EU legislation regarding the environmental impact of projects (namely SEA, EIA and Habitat/Natura 2000 Directives) and accordingly the Promoter will be required to implement all the project components in compliance with the relevant legislation.

    The Promoter is subject to and follows public procurement rules according to EU regulations, in particular EU procurement Directives (2004/18/EC and 2004/17/EC). Tenders shall be organised in compliance with EU requirements, with publication of tender notices in the EU Official Journal for components above thresholds.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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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