Release date: 4 November 2015
Promoter – Financial Intermediary
RENFE OPERADORALocation
Description
The project concerns the upgrade and modernisation of existing railway stations with the objective of enhancing the quality of service of Renfe Operadora.
Objectives
The project helps to promote sustainable transport, mitigate climate change, as well as economic and social cohesion by supporting investment in the region.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 65 million
Total cost (Approximate amount)
EUR 137 million
Environmental aspects
The investment schemes included in this operation typically fall outside of the scope of the Environmental Impact Assessment (EIA) Directive. However, this will be further analysed during the appraisal, together with the potential impact (both positive and negative) of the investments. Compliance with the EIA Directive, as well as any potential significant or negative impact of the project on areas included in the Natura 2000 network (according to the Habitats Directive 92/43/EEC and the Birds Directive 2009/147/EC) will be assessed during appraisal. All the investment schemes will support the competitiveness of rail – a sustainable mode of transport – which should lead to environmental benefits.
Procurement
The Bank will require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) 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
Approved - 7/09/2015
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).