Release date: 13 October 2010
Promoter – Financial Intermediary
Comunidad Autónoma de Galicia (CAG).
Location
Description
The EIB project comprises a programme of investments which aims to improve the rural environment in the Spanish Region of Galicia.
Objectives
The programme will include afforestation of 38 000 ha of agricultural land, fire prevention and improved management of 120 000 ha of forest, and investments to improve management, public access and educational value of 6 000 ha of Natura 2000 sites, as well as rehabilitation and construction of infrastructure such as bridges and roads.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 300 million.
Total cost (Approximate amount)
Up to EUR 800 million.
Environmental aspects
Forest activities may require an EIA subject to the judgment of the competent authority, in accordance with Annex II of the Environmental Impact Assessment Directive (85/337/EEC).
Procurement
The promoter is a public entity and therefore subject to procurement procedures and should comply with Directive 2004/18/EC.
Status
Signed - 14/12/2010
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).