Release date: 17 July 2006
Promoter – Financial Intermediary
Comunidad de Valencia (CAV)Location
Description
Construction of the tramway network Line T2, running North-South in the city of Valencia.
Objectives
The project will increase reliability and public transport service comfort. Living conditions in the areas where the project is being implemented will be improved due to a better accessibility for a considerable number of citizens and the reduction of urban pollution.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 225 million.
Total cost (Approximate amount)
EUR 450 million.
Environmental aspects
The project falls under Annex II of Directive 85/337/EEC (as amended by Directive 97/11/EC). In general, the project's significant enhancement in the Valencia public transport network is expected to reduce pollutant emissions, have a positive effect on the environment and the quality of life of the inhabitants of the city and their surroundings areas.
Due to the predominantly urban characteristics of the project, environmental impacts are expected to be limited and Natura 2000 areas unlikely to be affected. However, all these aspects will be checked during appraisal.
Procurement
The promoter is subject to, and follows, EU Directives.
Status
Signed - 5/12/2008
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).