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    Reference: 20140697
    Release date: 16 December 2015

    Promoter – Financial Intermediary




    EU co-financing of priority investments within the scope of Junta de Castilla y Leon's within the 2014-2020 Spanish Partnership Agreement.


    The project entails the co-financing of investments schemes in key priority areas and selected priorities as defined by the draft 2014-2020 Regional Operational Programme of the European Regional Development Fund (ERDF).


    Proposed EIB finance (Approximate amount)

    EUR 390 million

    Total cost (Approximate amount)

    EUR 1982 million

    Environmental aspects

    Castilla y León as a Spanish region is obliged by national legislation to transpose the relevant EU directives (Directives 2011/92/EU and 2001/42/EC) into national environmental legislation. The Bank's appraisal will focus on the Promoter's environmental management capacity to properly apply the Strategic Environmental Assessment (SEA) Directive (2001/42/EC), the Environmental Impact Assessment (EIA) Directive (2011/92/EU), as well as the requirements of the Habitats and Birds Directives where appropriate. All relevant key documents for the project will be published, in line with the Bank's disclosure policy.


    The Bank will require the Promoter, as a public administration entity, to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 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. Projects with values below EU thresholds will be procured according to the provisions laid down in national legislation. Details to be reviewed by the Bank's services during appraisal.


    Signed - 26/07/2016


    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).

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