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    Summary sheet

    Release date
    22 April 2020
    Status
    Reference
    Approved | 25/05/2020
    20200150
    Project name
    Promoter - financial intermediary
    IBERIA COVID-19 HEALTHCARE PROGRAMME LOAN
    PUBLIC ENTITY(IES)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 750 million
    EUR 1200 million
    Location
    Sector(s)
    • Health - Human health and social work activities
    Description
    Objectives

    This Programme Loan is dedicated to finance investments in the context of the Spanish and Portuguese public authorities' emergency response to the COVID-19 pandemic as well as mid-term and long-term investments in public hospitals and other healthcare infrastructure across Spain and Portugal aiming at strengthen the public healthcare systems.

    The aim is to address the urgent COVID-19 crisis and the healthcare investment gap in Spain and Portugal, the project responds to the EIB's main Infrastructure policy objective under the subheading of "Integrated territorial development". Moreover, the project is partially located in cohesion regions of both Spain and Portugal. The project is therefore eligible under Article 309 point (a) projects for developing less-developed regions and point (c) common interest. It is also guided by the principles of the European Commission's common European response to the outbreak of COVID-19.

    Environmental aspects
    Procurement

    The project comprises the construction and equipping of medical facilities. Hospitals are not specifically mentioned in the Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU, though the project is covered by Annex II of the Directive in relation to urban development. The EIB services will verify during appraisal the screening decision of the competent authority. In line with Directive 2018/844 amending Directive 2010/31/EU on the energy performance of buildings and Directive 2012/27/EU on energy efficiency, the new and rehabilitated buildings will have to meet at least the relevant national targets on energy efficiency. The design energy performance of the hospital 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 healthcare is an element of social cohesion and economic development. The promoter has to take into account the circular economy principles during the development and future operation of the project.

    The promoter has to ensure that contracts for the implementation of the project have been and will be tendered in accordance with the relevant applicable EU procurement legislation: 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.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - IBERIA COVID-19 HEALTHCARE PROGRAMME LOAN
    Publication Date
    15 Jul 2020
    Document language
    Main Topic
    Lending
    Document Number
    129393965
    Document Focus
    Environmental Information
    Project Number
    20200150
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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