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    Reference: 20150080
    Release date: 24 June 2015

    Promoter – Financial Intermediary

    KINGDOM OF SPAIN

    Location

    Description

    The project is a multi-scheme operation to improve the national road network in Spain.

    Objectives

    This project will contribute to investment to improve road infrastructure. In particular, the operation will target schemes in the area of road rehabilitation and upgrades, construction of missing links and works to alleviate bottlenecks in TEN-T road networks and/or eligible Spanish regions.

    Comments

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 161 million

    Total cost (Approximate amount)

    EUR 745 million

    Environmental aspects

    As the project is a multi-scheme operation, compliance with Directive 2011/92/EU on environmental impact assessment (EIA), as amended, Habitats Directive 92/43/EEC and Birds Directive 79/409/EEC will be reviewed during appraisal on a case-by-case basis. In particular, the implementation of the assessment procedures required under Art. 6(3) and Art. 6 (4) of the Habitats Directive will be verified. Compliance with Directive 2001/42/EC on strategic environmental assessment (SEA) will also be assessed during appraisal.

    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/EC as well as Directive 2007/66/EC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 12/01/2016

    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

    Spain Transport