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    Reference: 20130528
    Release date: 30 January 2014

    Promoter – Financial Intermediary

    The promoter is República del Ecuador.

    Location

    Description

    Construction/adaptation of public administrative buildings and associated government infrastructure for social and economic activities.

    Objectives

    The proposed operation contributes to the development of economic infrastructure providing more efficient and territorially balanced provision of services. The benefits of the project will be twofold: on the one hand the concentration of activities will improve the efficiency of the public sector and increase its effectiveness for citizens and enterprises and, on the other; it will upgrade the intervention areas, improving quality of life and fostering the localisation of private activities. Therefore, the project will promote the general objective of creating more sustainable cities and communities and supports EIB’s external mandate by promoting the development of social and economic infrastructures, essential to base a healthy and sustainable socio-economic development.

    Comments

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    EUR 257 million

    Environmental aspects

    The Bank will require the promoter to ensure compliance with the principles embodied in EU environmental laws and procedures, and follow the EIB Statement of Environmental and Social Principles and Standards.

    Procurement

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank’s Guide to Procurement.

    Status

    Signed - 1/12/2014

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Ecuador Urban development