Release date: 12 September 2008
Promoter – Financial Intermediary
Hanjin Shipping Co. Ltd.Location
Description
The project comprises the construction of container yard infrastructure and buildings, and the provision of equipment for a 35 ha. new terminal under a 30-year concession at the Port of Algeciras, Cádiz.
Objectives
Traffic in the port of Algeciras has been growing rapidly and is expected to continue doing so over the long run. The port is a key transport node for container traffic flows within Europe and between Europe and the rest of the world. The project will increase the capacity of the port of Algeciras to handle container traffic.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 75 million.
Total cost (Approximate amount)
Estimated EUR 150 million.
Environmental aspects
The project’s compliance with all applicable EU and national environmental legislation will be verified during appraisal.
Procurement
The Bank will require the promoter to ensure that the contracts related to the project have been or shall be tendered in accordance with EU public procurement procedures.
Status
Signed - 24/10/2012