Release date: 8 April 2009
Promoter – Financial Intermediary
Comunidad Autónoma de la RiojaLocation
Description
The investment programme ("the project") comprises a range of small to medium-sized upgrading and new-build investments and associated equipment that are designed to replace old or improve existing buildings and to create new capacity within the Region in four sectors:
- Social welfare (childcare facilities and homes for old-age people);
- Health;
- Education;
- Cultural heritage/Historic Monuments.
Objectives
The project is consistent with EU policy. The project is eligible under Article 267 of the EC Treaty, point c, knowledge economy (education) and sustainable communities” (health care and urban renewal and regeneration (cultural heritage).
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 65 million.
Total cost (Approximate amount)
Estimated EUR 135 million.
Environmental aspects
Health, educational facilities and historic monuments are not specifically mentioned in the EIA Directive on Environmental Impact Assessment, though the project may be covered by Annex II of the Directive in relation to urban development. The Bank’s services will verify during appraisal whether any EIA is required and the environmental effects of the project.
Procurement
The Bank requires the promoter to ensure that all relevant contracts for the implementation of the project have been or shall be tendered in accordance with the relevant EU procurement legislation. The procurement procedures will be examined during appraisal.
Status
Signed - 21/05/2010
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).