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Summary sheet

Release date
31 March 2025
Status
Reference
Under appraisal | 07/05/2024
20230009
Project name
Promoter - financial intermediary
EAFRD CO-FINANCING EXTREMADURA 2023-2027
JUNTA DE EXTREMADURA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 90 million
EUR 497 million
Location
Sector(s)
Description
Objectives

The project will co-finance investment schemes supported by the European Agricultural Fund for Rural Development (EAFRD) in Extremadura under the Spanish Partnership Agreement 2023-2027.

The aim is to accelerate the implementation of the Common Agricultural Policy (CAP) Strategic Plan, boost long-term competitiveness and employment, while ensuring the sustainability of the local agricultural sector and rural economy.

Environmental aspects
Procurement

The promoter will be required to act in compliance with the relevant EU environmental legislation. The EIB's appraisal will focus on the promoter's environmental management capacity in applying the EU Strategic Environmental Assessment (SEA) Directive 2001/42/EC and Environmental Impact Assessment (EIA) Directive 2011/92/EU amended by the Directive 2014/52/EU, as relevant, and with national legislation. In particular, the Spanish Strategic Plan of the CAP is subject to a SEA. Furthermore, some of the schemes thereunder to be implemented in Extremadura may fall under Annex I or Annex II of the EIA Directive. The applicability of Directive 2011/92/EU amended by the EIA Directive 2014/52/EU, the Habitats Directive 92/43/EEC and the Birds Directive 2009/147/EC will be reviewed at appraisal and during the allocation phase. Some schemes might concern the construction or upgrade of small water and wastewater treatment infrastructure. The promoter's compliance with the Water Framework Directive (WFD) 2000/60/EC and the Urban Waste Water Council Directive 91/271/EEC will be reviewed during the project appraisal and allocation phase. The project will contribute to climate action and environmental sustainability objectives, in particular to climate mitigation and climate adaptation. It will also bring social benefits by contributing to the EAFRD objective of strengthening of the socio-economic fabric of rural areas, as per Article 5(c) of Regulation EU/2021/2115, among others by fostering female farm employment, local development in rural areas as well as the sustainable production of high-quality, safe and nutritious food.

The EIB will require the promoter to ensure that contracts for the project implementation are tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU and 2014/25/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC, as interpreted by the EU Court of Justice, with the publication of tender notices in the EU Official Journal, as and where required.

Milestone
Under appraisal
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).

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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