Release date: 17 June 2011
Promoter – Financial Intermediary
AUTORIDAD PORTUARIA DE BILBAO
Location
Description
The project consists of the expansion/rehabilitation of port infrastructure in the Port of Bilbao.
Objectives
The objective of the project is to cope with expected traffic growth, which otherwise would need to be handled at ports located farther away from final destinations, and thus resulting in bigger land transport costs.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 60 million
Total cost (Approximate amount)
Up to EUR 120.86 million
Environmental aspects
Compliance of the various project components with the EU EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, and biodiversity assessment requirements will be verified during appraisal, and the status of any environmental studies and public consultations will be reviewed.
Procurement
Bilbao Port Authority is a contracting authority within the meaning of Directive 2004/17/EC of 31 March 2004. The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the above procurement legislation, with parallel publication of tender notices in the Official Journal of the EU, as and where appropriate.
Status
Signed - 13/10/2011
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).