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Signature(s)

Amount
€ 70,000,000
Countries
Sector(s)
Portugal : € 70,000,000
Transport : € 70,000,000
Signature date(s)
7/06/2011 : € 70,000,000
Link to source

Summary sheet

Release date
28 March 2011
Status
Reference
Signed | 07/06/2011
20100581
Project name
Promoter - financial intermediary
Desenvolvimiento Porto de Leixões

Administração dos Portos do Douro e Leixões, S.A. (“APDL”)

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Indicatively EUR 70 million
Indicatively EUR 155 million
Location
Sector(s)
Description
Objectives

The project consists of the development of the port of Leixões, in the North of Portugal. It includes the construction of a logistics platform in the direct vicinity of the port, as well as the development of a new “Cruise Terminal”, which is composed of a cruise terminal, a marina, and a Science and Technological Sea Park.

The project is eligible under Article 309 point (a) projects for developing less-developed regions and point (c) common interest on two counts: trans-European transport networks and Sustainable Transport.

Environmental aspects
Procurement

The project falls under Annex I of the EIA Directive and, as such, is required to comply with the requirements of the EU EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. The project was the subject of EIAs, with environmental authorizations granted in February and May 2009. All relevant EIA documentation (including compliance with the EU Habitats Directive 92/43/EEC) will be the subject of review during project 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, 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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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.
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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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