Release date: 27 July 2001
Promoter – Financial Intermediary
Autopista Madrid Sur Concesionaria Española, S.A.Location
Description
The project (DBFO) consists of the design, building, financing and operation under a 65 years concession of a new toll motorway between Madrid and Ocaña, as well as three sections of the M-50 non tolled ring-road motorway.
Objectives
The project forms part of the TEN road network and will also contribute to regional development by improving traffic conditions for transit traffic in the southern area of metropolitan Madrid.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of the total project cost
Total cost (Approximate amount)
Around EUR 700 million
Environmental aspects
The promoter is required to respect the regulations imposed by the Directive 97/11/EC. An Environmental Impact Assessment has been realised. In accordance with its normal procedure, the Bank will ensure that appropriate measures have been taken as regards environmental protection ; in particular special measures for impact mitigation have been clearly identified during the design process.
Procurement
The project was advertised in the Official Journal of the EU on 21.04.2000 in accordance with Directive 93/37/CEE and the concession contract was awarded on 29.12.2000.
Status
Signed - 27/01/2003
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).