SOMACYL URBAN AND RURAL INFRASTRUCTURE

EIB loan to finance rural tourism and transport infrastructure in the region of Castilla y León

The operation finances infrastructure in two key areas of the region of Castilla y León's development plans: rural tourism and inter-city bus transport. These investments will foster sustainable growth and employment in sparsely populated areas and contribute to the use of public transport for regional mobility.

The investment schemes included in the project typically fall outside of the scope of the Environmental Impact Assessment (EIA) Directive. However, this will be further analysed during the appraisal, together with the potential impact (both positive and negative) of the investments. Compliance with the EIA Directive, as well as any potential significant or negative impact of the project on areas included in the Natura 2000 network (according to the Habitats Directive 92/43/EEC and the Birds Directive 2009/147/EC) will be 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.