Release date: 11 April 2005
Promoter – Financial Intermediary
Territorio Historico de VizcayaLocation
Description
Upgrade of highway infrastructure in the Province of Vizcaya.
Objectives
The project is the first phase of the “Bizkaia Accessibility Plan 2003”, which comprises several new road schemes in the Province of Vizcaya, including improvements to the E5-E70-E-80-A8 motorway and construction of a new by-pass for Bilbao. The aim is alleviate growing congestion, with economic, safety and environmental gains. All schemes are classified as TEN roads or access to TENs.
Sector(s)
Proposed EIB finance (Approximate amount)
Around EUR 650 million.
Total cost (Approximate amount)
Around EUR 1,300 million.
Environmental aspects
The project falls under annex I of Directive 97/11/EC and the environmental authority has carried out a full Environmental Impact Assessment (EIA). Compliance with EU and national legislation will be checked during appraisal.
Procurement
The promoter is required to comply with all the EU Directives as regards public procurement.
Status
Signed - 8/06/2006
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).