Release date: 27 July 2009
Promoter – Financial Intermediary
Ferrocarriles de Via Estrecha (FEVE).Location
Description
The project consists of rehabilitation, upgrading, and electrification of FEVE’s railway infrastructure between Infiesto – Cabezón and Orejo – Aranguren.
Objectives
The project will contribute to the objective of promoting sustainable transport, as increased rail usage with a shift from road to rail would reduce levels of emissions and road accidents.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million.
Total cost (Approximate amount)
The cost estimate provided by the promoter at this stage is approximately EUR 220 million.
Environmental aspects
The project’s compliance with all applicable EU 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 - 26/02/2010
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).