Release date: 13 September 2012
Promoter – Financial Intermediary
ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIASLocation
Description
Investment programme for the rehabilitation, modernisation and upgrading of rail infrastructure in Spain in order to improve its efficiency, attractiveness and safety.
Objectives
The project contributes to the objective of promoting sustainable transport, as increased rail usage with a shift from road will reduce road traffic emissions and road traffic accidents. Some of the schemes will promote EU transport objectives and others promote economic and social cohesion as these are located on TEN-T railway corridors and/or in convergence areas. The project is therefore eligible under Article 309 point (a) projects for developing less-developed regions and point (c) common interest.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 400 million
Environmental aspects
The need for an environmental impact assessment may vary according to each project component and will be analysed on a case by case basis, as well as any potential significant impacts on protected areas. Compliance with environmental and nature protection directives and procedures and status of environmental permits will be checked during appraisal.
Procurement
The Promoter is subject to and follows public procurement rules according to EU regulations. The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 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 - 27/02/2013