Release date: 26 October 2004
Promoter – Financial Intermediary
Dexia Sabadell Banco Local, S.A.Location
Description
The global loan will be used to finance infrastructure investments of local authorities and public sector institutions, mainly located in assisted areas, following the allocation and information procedures standard in EIB global loan transactions.
Objectives
Over 70% of the Global Loan will be allocated to projects in Objective 1 and 2 areas of Spain. In this respect, it will contribute to Spain’s convergence with the EU.
Comments
Infrastructure, energy, environmental protection.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 m. 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 loan policy, DSBL 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, DSBL will ensure that national legislation and EU tendering directives are applied.
Status
Signed - 4/03/2005
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).