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    Signature(s)

    Amount
    € 110,000,000
    Countries
    Sector(s)
    Spain : € 110,000,000
    Transport : € 110,000,000
    Signature date(s)
    3/02/2012 : € 110,000,000

    Summary sheet

    Release date
    21 September 2011
    Status
    Reference
    Signed | 03/02/2012
    20110304
    Project name
    Promoter - financial intermediary
    Bilbao Urban Infrastructure

    Diputacion Foral de Bizkaia

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 125 million
    EUR 250 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of a complete remodelling of the southern access to Bilbao from the A8 motorway in the San Mamés area of the city.

    The project will allow the demolition of the current access viaduct and the creation and development of new urban public spaces. The project is part of a larger plan for the urban regeneration of the San Mamés area/neighbourhood.

    Environmental aspects
    Procurement

    The project falls under Annex II of Directive 85/337/CEE, as subsequently amended, under which the need for an Environmental Impact Assessment (EIA) is decided by the national authorities. In this case, an EIA was required for the project.

    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 have been/shall be organised in compliance with EU requirements, with publication of tender notices in the EU Official Journal for schemes 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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    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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