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    Signature(s)

    Amount
    € 57,500,000
    Countries
    Sector(s)
    Spain : € 57,500,000
    Health : € 57,500,000
    Signature date(s)
    26/07/2019 : € 57,500,000

    Summary sheet

    Release date
    25 January 2019
    Status
    Reference
    Signed | 26/07/2019
    20180813
    Project name
    Promoter - financial intermediary
    LONG TERM CARE DEVELOPMENT INFRASTRUCTURE
    VITALIA PLUS SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 58 million
    EUR 141 million
    Location
    Sector(s)
    • Health - Human health and social work activities
    Description
    Objectives

    The project supports the promoter's expansion plan during the period 2019 - 2022 and consists of the construction and equipment of 19 new long-term care centres in five different Autonomous Communities in Spain: Madrid, Cataluña, Castilla y León, Valencia and Murcia. The project will increase the residential bed capacity of the promoter in 3,175 beds and the day-centre places in 536.

    The investment is expected to improve the efficiency and effectiveness of such services in order to respond to the changing demographic and epidemiological patterns of the Spanish population.

    Environmental aspects
    Procurement

    Long-term care centres are not specifically mentioned in the Environmental impact assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/EU, though the projects are covered by Annex II of the Directive in relation to urban development. The EIB's services will verify during appraisal the screening decision of the competent authorities. In line with Directive 2010/31/EU, the new buildings will have to meet, at least, the relevant national targets on energy efficiency. The design energy performance of the centres and any specific related targets to be met will be verified during appraisal. It is expected that the project will bring wider benefits to the community as social and healthcare are elements of social cohesion and economic development.

    The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (Directive 2014/24/EU) then the Bank would require the promoter to ensure that contracts for the implementation of the project have been and will be tendered in accordance with the relevant applicable EU procurement (Directive 2014/24/EU as well as Directive 89/665/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, 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) - LONG TERM CARE DEVELOPMENT INFRASTRUCTURE
    Publication Date
    25 Sep 2019
    Document language
    Main Topic
    Lending
    Document Number
    91277420
    Document Focus
    Environmental Information
    Project Number
    20180813
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - LONG TERM CARE DEVELOPMENT INFRASTRUCTURE
    Publication Date
    19 Jul 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    94411106
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20180813
    Last update
    19 Jul 2019
    Sector(s)
    Health
    Countries
    Spain
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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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.
    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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    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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