Release date: 20 January 2009
Promoter – Financial Intermediary
Autoridad Portuaria de las Palmas
Location
Description
The Project consists of a seaward expansion of the Port of Las Palmas on the Canary Islands, and includes the construction of a new breakwater and additional terminal infrastructure.
Objectives
The project will expand capacity at the port of Las Palmas, the main point in the island of Gran Canaria. The port of Las Palmas is a Category A port in the TENs, making the project eligible under article 267 (c). In addition, the Canary islands are a Phasing-In region, making the project eligible also under Convergence following Article 267 (a).
Sector(s)
Proposed EIB finance (Approximate amount)
Up to Euro 50 million.
Total cost (Approximate amount)
Estimated Euro 130 million.
Environmental aspects
The project falls under Annex I of Directive 97/11/EC, requiring a full EIA carried out in 2000-2001, including environmental impact studies and public consultation. The environmental authorisation was issued by the Ministerio de Medio Ambiente and published on 11 January 2002 in the Spanish Official Journal. EIA and biodiversity assessment requirements and status for the project will be checked during appraisal.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EEC), with parallel publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 6/10/2009
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).