Release date: 2 June 2009
Promoter – Financial Intermediary
Comunidad Autónoma de Castilla-La-Mancha
Location
Description
Reforestation and implementation of more effective measures to prevent forest fire, mitigation of soil erosion and regeneration of natural habitat.
Objectives
The Bank’s project will co-finance selected actions in Castilla-La Mancha’s Campañas de Prevencion y Extinción de Incendios Forestales 2008-2013 and the Plan de Restauracion del Rodenal (Guadalajara), including reforestation, purchase of fire-fighting equipment, undertaking of engineering works, implementation of forest management techniques to minimise fire risk, and improvement of technical expertise.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 75 million.
Total cost (Approximate amount)
Up to EUR 200 million.
Environmental aspects
The project, an investment loan covering regional campaigns to improve forest fire-fighting and facilitate recovery of burned areas, is expected to deliver multiple environmental benefits. These include improved forest ecosystem health, increased greenhouse gas sequestration and contribution to nature protection objectives.
Procurement
The promoter is a public entity and therefore subject to procurement procedures which should comply with directive 2004/18/EG.
Status
Signed - 31/08/2009
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).