Release date: 17 February 2004
Promoter – Financial Intermediary
Banco de Credito Local de España (BCL).Location
Description
The global loan will be used to finance projects of limited scale in infrastructure, environmental protection and improvement, energy, health, education and housing, as well as those falling under the scope of the EIB’s innovation 2010 initiative (i2i).
Objectives
The global loan will contribute to regional development by improving infrastructures in assisted areas.
Comments
Infrastructure.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 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 450m.
Environmental aspects
In accordance with the Bank’s global loans policy, BCL 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, BCL will ensure that national legislation and EU tendering directives are applied.
Status
Signed - 24/05/2004
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).