Release date: 29 September 2010
Promoter – Financial Intermediary
Administrador de Infraestructuras Ferroviarias (ADIF)
Location
Description
The project consists of the financing of high-speed infrastructure between Valladolid and Burgos. The total length of the new line is approximately 105 km (excluding the Burgos bypass).
Objectives
The project forms part of the Spanish high-speed North-west corridor, running from Madrid – Valladolid to the main cities of the regions of Castilla y Leon, Basque Country and towards French border.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 750 million.
Total cost (Approximate amount)
Around EUR 1 500 million.
Environmental aspects
According to EU Directive 85/337/EEC amended by 97/11/EC and 2003/35/EC, the project falls into the Annex I category and therefore an EIA is mandatory. Compliance with national and EU environmental legislation as well as potential impacts on Natura 2000 network will be verified during appraisal. Environmental approval for the project (Declaración de Impacto Ambiental – DIA) was given on the 14 July 2006 by the Ministry of Environmental Affairs.
The project planning predates the SEA Directive 2001/142/EC.
Procurement
The promoter has complied with the requirement of publication of tender notices both in the National and EU Official Journal for all the contract notices and all the contract awards (covering design, construction and works supervision contracts) for the Project up to the moment and is expected to do so in the remaining contracts to be procured.
Status
Signed - 7/12/2010
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).