Release date: 15 April 2009
Promoter – Financial Intermediary
Comunidad de MadridLocation
Description
Municipal infrastructure schemes in the region of Madrid.
Objectives
The project is a multi-sector framework loan to finance investment schemes included in the PRISMA 2008-2011. Potential schemes are mostly in the fields of urban renewal, human capital and environmental upgrading.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million.
Total cost (Approximate amount)
Up to EUR 450 million.
Environmental aspects
The Bank’s appraisal will focus on the promoter’s environmental management capacity and on the verification of the correct application of the appropriate Directives, including undertaking of SEA/EIAs and assessment of requirements of the Habitat and Bird Directive where appropriate; all the relevant project’s key documents will be published in line with the Bank’s procedures.
Procurement
The promoter is subject to and follows public procurement rules according to EU regulations. Application of EU procedures by the promoter for the tender of services, supplies and civil works will be reviewed by the Bank’s services during appraisal and monitoring.
Status
Signed - 12/03/2010
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).