Release date: 30 March 2004
Promoter – Financial Intermediary
Caja de Ahorros del Mediterraneo.Location
Description
The global loan will be used to finance infrastructure investments of local authorities and public sector institutions, mainly located in assisted areas.
Objectives
The project will contribute to regional development by improving infrastructures in assisted areas and also by contributing to environmental protection and rational use of energy.
Comments
Infrastructure, energy, environmental protection, health, education and housing.
Sector(s)
Proposed EIB finance (Approximate amount)
The EIB funding would represent up to 50% of individual allocations and about 33% of total investment in projects.
Total cost (Approximate amount)
Not available.
Environmental aspects
In accordance with the Bank’s global loans policy, Caja de Ahorros del Mediterraneo will ensure that national legislation and EU directives will be applied as regards environmental protection.
Procurement
In accordance with the Bank’s global loan policy, Caja de Ahorros del Mediterraneo will ensure that national legislation and EU tendering directives are applied.
Status
Signed - 4/06/2004