Release date: 10 June 2008
Promoter – Financial Intermediary
AENA
Location
Description
Financing of construction of the second runway in Malaga Airport
Objectives
Malaga Airport provides an important gateway to the region for travelers from Europe and the rest of the world. This project is expected to reduce congestion and improve service quality and comfort for passengers.
Sector(s)
Proposed EIB finance (Approximate amount)
Around EUR 250 million
Total cost (Approximate amount)
Around EUR 550 million
Environmental aspects
The project is classified under Annex I of EIA Directive 85/337EEC as amended by Directive 97/11/EC and 2003/35/EC, thus requiring formal Environmental Impact Assessment process. A number of protected areas which may be impacted have been identified in the vicinity of the airport for which suitable protection and mitigation measures have been established. The promoter has confirmed that the project has been subject to a full EIA process. The Bank will assess during appraisal compliance with both the EIA and Habitats directives.
Procurement
Procurement procedures applied by the promoter are in compliance with EU Directives applicable to public authorities’ procurement, and national legislation. Under these conditions, the procurement procedures followed by the promoter are both suitable for the project and satisfactory to the Bank.
Status
Signed - 25/09/2008
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).