País Vasco Knowledge Economy

Promoter – Financial Intermediary

Comunidad Autónoma del País Vasco

Location

• Spain

Description

The project supports País Vasco’s four year (2009-2012) investment programme with a set of new projects in support of the knowledge economy.

Objectives

The project comprises small and medium-sized investment schemes in education and culture, ICT, and RDI (i) in support of the Region’s “Information Society Plan” in keeping with a strategy intended to adapt the Basque society to the digital era, foster cultural change and place new technologies at the service of citizens with the object of improving their standard of living, increasing social balance and strengthening the value of the economy, (ii) to create the conditions for economic growth and sustainable development, and (iii) to promote the development of human capital and regional infrastructure.

Sector(s)

• Services
• Education

Proposed EIB finance (Approximate amount)

Up to EUR 400 million

Total cost (Approximate amount)

Up to EUR 1 200 million

Environmental aspects

The project is a multi-sector, multi-scheme operation. 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 areas 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

As a public administration entity the promoter is required to follow 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.

Status

Signed - 30/09/2011