Release date: 28 November 2002
Promoter – Financial Intermediary
Comunidad Autónoma de Asturias (CAA)Location
Description
The project comprises a wide variety of schemes designed to improve basic infrastructure, industrial base, information society, urban development, transport, water and environmental protection. It covers the co-financing of the CAA's investment plan under the 2000-2006 Community Support Framework.
Objectives
The project will contribute to regional development by modernising and increasing the competitiveness of the Asturian economy as well as providing for basic infrastructure requirements and environmental protection measures.
Sector(s)
Proposed EIB finance (Approximate amount)
Around EUR 110 million
Total cost (Approximate amount)
The CAA's operational programme foresees expenditure of up to EUR 800 million.
Environmental aspects
The promoter is required to respect the regulations imposed by European directives. Within the framework of the programme loan, the borrower will be requested to ensure compliance of the sub-projects with EU directives, as appropriate.
Procurement
The promoter is required to respect the EU directives as regards invitations to tender.
Status
Signed - 4/12/2002
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).