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    Reference: 20160323
    Release date: 18 October 2016

    Promoter – Financial Intermediary

    AYUNTAMIENTO DE LAS PALMAS DE GRAN CANARIA

    Location

    Description

    Construction and bus fleet increase of a segregated 11 km bus rapid transit system in the municipality of Las Palmas, the capital of the island of Gran Canaria, in Spain

    Objectives

    The investments will increase the capacity and improve the quality of service of the bus network. The project contributes to sustainable transport and climate change mitigation, in line with the EIB's transport lending policy and the EU's and EIB's objectives on climate action.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 127 million

    Environmental aspects

    A project of this type would normally be classified under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU, meaning that the competent authority makes the decision as to whether a formal EIA is required or not. This, and the status of any pre-existing development consents, will be reviewed and 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 (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 Official Journal of the EU, as and where required.

    Status

    Signed - 15/02/2017

    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