Release date: 8 September 2009
Promoter – Financial Intermediary
Fomento de Construcciones y Contratas S.A. (FCC)Location
Description
The project consists of the acquisition of a fleet for urban sanitation services (namely garbage collection and street-cleaning) and other related investments across some 130 Spanish municipalities (more than 10% of them having signed the Covenant of Mayors).
Objectives
The vehicles are designed to improve energy efficiency and/or to use fuels not affecting climate change (natural gas, electricity) with the purpose of reducing green house gases and other pollutant emissions.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 175 million.
Total cost (Approximate amount)
Up to EUR 350 million.
Environmental aspects
The construction of the new vehicles will take place in the manufacturer’s plants and does not fall within the scope of Directive 85/337/EEC (as amended); same for other equipment components. Therefore no EIA (nor SEA) is required for the project.
Procurement
Being a private company, FCC is not subject to EU procurement regulations and thus it can apply its own procedures. Notwithstanding, the promoter has shown the Bank the principles applied for the acquisition of the vehicles being the object of the project, which are deemed quite well established and internally transparent.
Status
Signed - 23/10/2009
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).