Release date: 27 July 2009
Promoter – Financial Intermediary
Ente publico de Aeropuertos Españoles y Navegación Aérea (AENA)Location
Description
The project concerns infrastructure development work at two airports in the Canary Islands (Fuerteventura and Tenerife North.
Objectives
The project is a strategic investment for the economic development of the Canary Islands as an ultra-peripheral region. The project objectives are expansing airport capacity to improve transport services.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million.
Total cost (Approximate amount)
The estimated total cost of the project is EUR 200 million.
Environmental aspects
The Promoter has confirmed that the development work at Fuerteventura and Tenerife North required a formal EIA. The Bank will review the procedures followed, the assessment of impacts, the degree of public consultation allowed and how any conditions imposed upon the development have been incorporated into the design and construction works.
Procurement
The Bank will require the Promoter to confirm that all contracts for the implementation of the project have been tendered in accordance with the relevant EU procurement directives, with publication of tender notices in the EU Official Journal where appropriate.
Status
Signed - 4/12/2009
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).