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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Spain : € 50,000,000
    Transport : € 50,000,000
    Signature date(s)
    15/02/2017 : € 50,000,000
    Link to source

    Summary sheet

    Release date
    18 October 2016
    Status
    Reference
    Signed | 15/02/2017
    20160323
    Project name
    Promoter - financial intermediary
    LAS PALMAS BUS RAPID TRANSIT
    AYUNTAMIENTO DE LAS PALMAS DE GRAN CANARIA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    EUR 127 million
    Location
    Sector(s)
    Description
    Objectives

    Construction and bus fleet increase of a segregated 11 km bus rapid transit system in the municipality of Las Palmas, the capital of the island of Gran Canaria, in Spain

    The investments will increase the capacity and improve the quality of service of the bus network. The project contributes to sustainable transport and climate change mitigation, in line with the EIB's transport lending policy and the EU's and EIB's objectives on climate action.

    Environmental aspects
    Procurement

    A project of this type would normally be classified under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU, meaning that the competent authority makes the decision as to whether a formal EIA is required or not. This, and the status of any pre-existing development consents, will be reviewed and assessed during 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 (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - LAS PALMAS BUS RAPID TRANSIT
    Publication Date
    23 Dec 2016
    Document language
    Main Topic
    Lending
    Document Number
    69891754
    Document Focus
    Environmental Information
    Project Number
    20160323
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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