Release date: 11 February 2002
Promoter – Financial Intermediary
Metropolitana de Tenerife, S.A.Location
Description
Design and construction of the 17 km tramway between La Laguna and Santa Cruz de Tenerife.
Objectives
The project will contribute to regional development by improving traffic conditions and the urban environment in Santa Cruz.
Comments
Environment, Transport and Communication
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of the total project cost
Total cost (Approximate amount)
Around 240 millions EUR
Environmental aspects
The promoter is required to respect the norms imposed by the Directive 97/11/EC. In accordance with its normal procedure, the Bank will ensure that appropriate measures have been defined as regards environmental protection.
Procurement
The promoter is required to respect the European Union Directives as regards procurement procedures.
Status
Signed - 31/10/2002
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).