Reference: 20080484
Release date: 28 November 2008

Promoter – Financial Intermediary

Government of the Navarra Region

Location

Description

Framework loan for the financing of small and medium-sized investments primarily in the areas of health, education, RDI, culture and environment.

Objectives

The plan seeks to contribute significantly to mitigate a likely phase of economic slowdown expected for the period 2008-2011, support job creation and create the conditions for sustainable development. It complements the Operational Plan Navarra 2007-2013 that was approved by the European Commission on 28 November 2007, co-financed by ERDF.

Sector(s)

Proposed EIB finance (Approximate amount)

Up to EUR 300 million.

Total cost (Approximate amount)

Not applicable.

Environmental aspects

The project is a multi-sector multi-scheme operation classified as Framework Loan. Some of the schemes may eventually fall under Annex I or Annex II of the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, or may have an impact on an area forming part of Natura 2000 network. It will be required that all the schemes will be implemented in compliance with the EU environmental legislation.

Procurement

The promoter as a public administration entity is required to follow the EU public procurement rules (2004/17/EC and 2007/18/EC) including publication of contract notices in the EU Official Journal as implemented by national law, if and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in national legislation.

Status

Signed - 6/03/2009

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Spain Urban development Composite infrastructure Services Health Education