Release date: 18 May 2002
Promoter – Financial Intermediary
Cabildo de Gran Canaria.Location
Description
Improvement of basic infrastructure in the island of Gran Canaria, such as sanitation, traffic, transport, urban development, social and educational infrastructure, cultural heritage and sport facilities.
Objectives
Supporting the economic development of the island of Gran Canaria and improving the quality of life of its habitants and visitors.
Sector(s)
Proposed EIB finance (Approximate amount)
Approximately EUR 60 m
Total cost (Approximate amount)
Estimated cost of EUR 120 m
Environmental aspects
The promoter is required to respect the regulations imposed by the Directive 97/11/EC. 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 promoter adheres to EU directives, with all contracts over the relevant thresholds submitted to international tendering with publication in the EC Official Journal.
Status
Signed - 18/09/2002
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).