Release date: 8 April 2013
Promoter – Financial Intermediary
COMUNIDAD AUTONOMA DE GALICIALocation
Description
Co-financing of priority investments within the scope of the 2007-13 Regional Operating Programme of Galicia, a convergence region.
Objectives
The project aims at financing goals identified in the Regional Strategic Reference Framework, integrated within the 2007-2013 National Strategic Reference Framework, and targets the following objectives: to promote and boost the regional economy, to increase the competitiveness of the productive fabric through knowledge and innovation, to increase social and territorial cohesion of Galicia by improving skill levels, to promote the quality of employment and social inclusion and to strengthen the synergy between growth and sustainable development.
Sector(s)
- Transport
- Energy
- Telecom
- Services
- Industry
- Water, sewerage
- Education
- Health
- Solid waste
- Urban development
Proposed EIB finance (Approximate amount)
EUR 120 million
Total cost (Approximate amount)
EUR 840 million
Environmental aspects
Strategic Environmental Assessments (SEAs) are required for the Regional Operational Programme, in compliance with the requirements of the EU SEA Directive 2001/42/EC. Some of the schemes are likely to fall under Annex I or Annex II of the 2011/92/EU Directive. Should any such scheme have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC), the Bank would require the promoter to act according to the provisions of the aforementioned Directives as transposed into the national law. It is a requirement that all schemes must be implemented in compliance with the EU environmental legislation.
Procurement
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 (Directive 2004/18/EEC or 2004/17/EEC and Directive 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 9/09/2013
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).