Release date: 25 September 2008
Promoter – Financial Intermediary
EP - Estradas De PortugalLocation
Description
The project concerns the construction of 68 km of a new motorway, widening and/or adaptation of 59 km of an existing road to motorway standards, and improvements of 149 km of an existing road as well as the transfer of responsibility for operation and maintenance for 71 km of existing road forming a 347 km long road network in the south of Portugal connecting the cities of Sines, Beja, Evora, Setubal and Castro Verde.
Objectives
To promote regional development, promote the connection between Sines Harbour to the future Beja International Airport and Spain, with motorway cross-sections. To reduce travel times and vehicles operating costs, and enhancing safety.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 250 million.
Total cost (Approximate amount)
Estimated at EUR 500 million.
Environmental aspects
During appraisal, the Bank will review the EIA process adopted currently by the grantor to confirm that it complies with applicable EU Directives, domestic legislation, and any relevant international conventions to which Portugal is party. Appraisal will also cover the proposed arrangements, as prescribed in the concession agreement or otherwise, for any further assessment, design, implementation, operation and monitoring activities that seek to avoid or mitigate negative environmental or social impacts.
Procurement
The Bank will review the procurement process during appraisal to confirm that it complies with the applicable EU Directive.
Status
Signed - 30/01/2009
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).