RAILWAY INFRASTRUCTURE UPGRADING & SAFETY SPAIN

Promoter – Financial Intermediary

Ministerio de Fomento

Location

• Spain

Description

Investments for improving the safety and upgrading the conventional railway network in Spain.

Objectives

Improving safety features and rehabilitate and upgrade several sections of conventional lines in Spain.

Sector(s)

• Transport

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 400 million

Environmental aspects

The need for an Environmental Impact Assessment (EIA) may vary between project components and will be analysed on a case by case basis. Although most of the schemes will be implemented on existing infrastructure, some might fall under annex I (e.g. in cases where the changes meet the thresholds set out in the annex) requiring an EIA and most will fall under annex II of the EU environmental directive (2011/92/EU) thus requiring an EIA screening and, possibly, an EIA. Compliance with environmental and nature protection EU directives and status of environmental permits will be verified during appraisal.
The question of the project falling within a plan or a programme requiring a Strategic Environmental Assessment (SEA) in line with EU Directive 2001/42/EC will also be further examined during appraisal.
The project is expected to have positive impacts on the environment thanks to the improvement of the railway network which will result in added reliability, comfort and safety, which will increase the attractiveness of this system compared to the road traffic with its negative impacts on the environment and congestion.

Procurement

The Bank will require the promoter to ensure that contracts for the implementation of the project have been and/or will be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EC/ or 2004/17/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.

Status

Signed - 11/12/2014