Release date: 6 March 2013
Promoter – Financial Intermediary
REINO DE ESPANALocation
Description
Financing of investments in the rehabilitation of coastal areas, recovery of areas affected by forest fires and other investments targeted at environmental protection in Spain.
Objectives
The project concerns investments aiming to restore and protect coasts, maintain and improve capacity to fight forest fires, and restore forests damaged by fires in 2012.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 400 million
Environmental aspects
The operation is expected to deliver multiple environmental benefits. Certain activities included in the overall project may require an EIA subject to judgment of competent authority, in accordance with Annex II of EIA Directive (2011-92/EU). Where an action may affect a Natura 2000 site (designated according to Habitats Directive 92/43/EEC / Birds Directive 79/409/EEC), the Bank requires the promoter to follow the directives’ procedures as transposed into national law.
Procurement
The procurement procedures to be employed will be reviewed by the Bank’s services, to ensure compliance with the EIB’s Procurement Guidelines. Where the Beneficiary is a public administration entity, it will be required to follow the EU public procurement rules (2004/18/EC) including publication of contract notices in the EU Official Journal as implemented by national law. Compliance with these Directives will be confirmed at appraisal.
Status
Signed - 27/02/2014