Release date: 30 August 2011
Promoter – Financial Intermediary
Comunidad Autónoma de la Región Murcia
Location
Description
Reconstruction of various buildings, residential and non- residential, upgrading of cultural and historical heritage and improvement of public infrastructure (roads, telecommunications, utilities, etc.) in the municipality of Lorca (Region of Murcia), following the May 11th 2011 earthquake.
Objectives
The project involves the financing of the reconstruction of residential and non-residential buildings damaged in the earthquakes of May 11th 2011.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 250 million
Total cost (Approximate amount)
Up to EUR 500 million
Environmental aspects
The project is a multi-sector multi-scheme operation classified as a Framework Loan. Some of the schemes may eventually fall under Annex I or Annex II of the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, or may have an impact on an area forming part of the Natura 2000 network. It will be required that all the schemes be implemented in compliance with relevant EU environmental legislation. The potential social impacts will also be assessed as part of the appraisal.
Procurement
The promoter, as a public administration entity, is required to follow EU public procurement rules (Directives 2004/17/EC and 2007/18/EC), including publication of contract notices in the EU Official Journal as implemented by national law, if and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in national legislation. The promoter’s procurement rules and practices will be further reviewed by the Bank during appraisal.
Status
Signed - 28/06/2012
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).