Release date: 17 February 2005
Promoter – Financial Intermediary
AYUNTAMIENTO DE MADRIDLocation
Description
The project concerns a number of small- and medium-sized investments aiming at improving the basic infrastructure in Madrid, Spain’s largest city and capital. The investment schemes retained for the Bank financing are in sectors meeting the Bank’s eligibility criteria such as urban renewal, traffic & transport, social & educational infrastructure, cultural heritage and community health and sport facilities.
Objectives
The investments covered by the project are focused on a wide variety of eligible sectors for Bank’s financing and more specifically for urban renewal. The project will contribute to the economic development and the improvement of the quality of life of the inhabitants of Madrid.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of the total project cost
Total cost (Approximate amount)
Around EUR 200 million
Environmental aspects
EU legislation relating to environmental protection has been incorporated into national and regional laws. The schemes will be located in consolidated urban areas and most will not require an EIA, or affect natural reserve zones. Within the appraisal due diligence carried out by the EIB, the full application of national legislation and EU Directives for each investment scheme included in the project will be checked with the promoter.
Procurement
The promoter is required to comply with all the EU Directives as regards public procurement.
Status
Signed - 30/11/2006