Release date: 21 January 2004
Promoter – Financial Intermediary
Santander Central Hispano S.A. (SCH).Location
Description
The global loan will be used to finance projects of limited scale promoted by SMEs, mainly in industry, tourism and services but also in infrastructure, environmental protection and improvement, energy, health, education, housing, innovation and the development of the information society.
Objectives
The project will contribute to support investments of SMEs in Spain. At least 70% of the global loan funds will be allocated to projects in Objective 1 and 2 areas.
Comments
Industry, services, tourism, infrastructure, energy, environ-mental protection and improvement, health, education, housing, innovation and the development of the information society.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 m. The EIB funding would represent up to 50% of individual allocations and about 33% of the total investment in projects.
Total cost (Approximate amount)
Approximately EUR 600m.
Environmental aspects
In accordance with the Bank’s global loans policy, SCH 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, SCH will ensure that national legislation and EU tendering directives are applied.
Status
Signed - 6/09/2004
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).