Release date: 14 May 2014
Promoter – Financial Intermediary
The project promoter is the Kingdom of Spain, through its Ministry of Public Works and Transport (“Fomento”).Location
Description
The project concerns a number of investments aimed at upgrading the Spanish road network and includes schemes located in so-called 'transition' regions and the less-developed regions of Spain and/or schemes within the Trans European Networks-Transport (TEN-T).
Objectives
This project will contribute towards investment in projects to improve road infrastructure. In particular, the operation will target investments schemes in the areas of road safety, road rehabilitation and upgrades, construction of city by-passes and missing links, and works to alleviate bottlenecks in TEN-T road networks and/or eligible Spanish regions.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 475 million
Total cost (Approximate amount)
EUR 950 million
Environmental aspects
All schemes to be financed under the proposed project will be required to comply with the relevant national legal framework. The applicability of EIA Directive 2011/92/EU, SEA directive 2001/42/EC, Habitats Directive 92/43/EEC and Birds Directive 79/409/EEC will be reviewed at appraisal, in particular for the constructions of new roads and road widening schemes. Other investments such as rehabilitation schemes or safety barriers are not expected to fall under either Annex I or Annex II of the EIA Directive.
Procurement
According to the information received to date, contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EEC), with publication of tender notices in the EU Official Journal, as and where appropriate. This will be reviewed at appraisal.
Status
Signed - 5/11/2014
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).