Release date: 1 April 2003
Promoter – Financial Intermediary
Comunidad Autónoma de Valencia, through its 100% subsidiary Ferrocarrils de la Generalitat ValencianaLocation
Description
The project consists of the construction of a new tramway line in the city of Alicante. Acquisition of the necessary related rolling stock is also included.
Objectives
The project will contribute to improving urban transport in Valencia and Alicante by increasing reliability, frequency and public transport service comfort.
Comments
Communication.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of the total project cost.
Total cost (Approximate amount)
EUR 350 million.
Environmental aspects
The effect on the urban environment is expected to be positive. 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 taken as regards environmental protection.
Procurement
The promoter is required to respect the EU Directives as regards invitations to tender.
Status
Signed - 18/07/2003
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).