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    Signature(s)

    Amount
    € 1,000,000,000
    Countries
    Sector(s)
    Spain : € 1,000,000,000
    Transport : € 1,000,000,000
    Signature date(s)
    25/01/2021 : € 400,000,000
    19/10/2017 : € 600,000,000
    Link to source

    Summary sheet

    Release date
    17 July 2017
    Status
    Reference
    Signed | 19/10/2017
    20170041
    Project name
    Promoter - financial intermediary
    AVE Y VASCA EXTENSION
    ADIF
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 1430 million
    EUR 4860 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the construction of approximately 160 km of new Y-shaped high speed railway line between Vitoria, Bilbao and San Sebastian. It consists of two branches: Vitoria-Bilbao and Bergara–San Sebastián, connected in the Bergara node. The project will also include the sections within the three cities' built-up areas and integration into the existing stations, plus the section from San Sebastián to Irún, connecting with the French border, which will be upgraded to a dual-track gauge along 17 km.

    The project is expected to significantly reduce travel times between Vitoria, Bilbao and San Sebastian, making rail services more competitive and promoting modal shift from both road and air to rail. This is expected to generate time and vehicle operating cost savings, as well as environmental and safety benefits. 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

    The project was included in the Spanish Infrastructure Plan 2005-2020, for which a strategic environmental assessment (SEA) was carried out. For most of the project the environmental and social aspects were analysed by the Bank for the AVE Y Vasca operation. This major part of the project was subject to an environmental impact assessment (EIA) and received the relevant development consents; the absence of significant impact on protected areas and species, in accordance with the Habitats and Birds Directives, was also confirmed by the competent authority. The appraisal of this operation will include an update on these environmental aspects, as well as analysis of the conformity with the requirements of the EIA, Habitats and Birds Directives of the sections not appraised during the previous EIB operation. The project will promote a modal shift from both road and air to rail and, therefore, generate environmental and safety benefits.

    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 (Directive 2004/17/EC, or 2014/25/EU where applicable, 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
    Summary sheet

    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) - AVE Y VASCA EXTENSION
    Publication Date
    3 Oct 2017
    Document language
    Main Topic
    Lending
    Document Number
    74493568
    Document Focus
    Environmental Information
    Project Number
    20170041
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Non-Technical Summary (NTS) - AVE Y VASCA EXTENSION - Estudio Informativo Complementario – Documento de Aprobación Definitiva
    Publication Date
    11 Oct 2017
    Document language
    Main Topic
    Lending
    Document Number
    79108361
    Document Focus
    Environmental Information
    Project Number
    20170041
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Non-Technical Summary (NTS) - AVE Y VASCA EXTENSION - Estudio Informativo del Proyecto de Nueva Red Ferroviaria en el País Vasco – Documento de Aprobación Definitiva
    Publication Date
    11 Oct 2017
    Document language
    Main Topic
    Lending
    Document Number
    79127908
    Document Focus
    Environmental Information
    Project Number
    20170041
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    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.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    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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