Release date: 23 November 2010
Promoter – Financial Intermediary
BANCO BIILBAO VIZCAYA ARGENTARIA SA – BBVA
Location
Description
EIB credit line for local authorities to finance public projects of limited scale carried out by public sector authorities, mostly in convergence regions of Spain.
Objectives
It is expected that around 70% of the global loan funds will be allocated to projects in convergence areas of Spain, where municipal and regional infrastructure development are below the EU average.
Sector(s)
Proposed EIB finance (Approximate amount)
The EIB funding would represent up to 50% of individual allocations.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, where applicable.
Status
Signed - 22/07/2011
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).