SOMACYL URBAN AND RURAL INFRASTRUCTURE

Promoter – Financial Intermediary

SOCIEDAD PUBLICA DE INFRAESTRUCTURAS Y MEDIO AMBIENTE DE CASTILLA Y LEON SA

Location

• Spain

Description

EIB loan to finance rural tourism and transport infrastructure in the region of Castilla y León

Objectives

The operation finances infrastructure in two key areas of the region of Castilla y León's development plans: rural tourism and inter-city bus transport. These investments will foster sustainable growth and employment in sparsely populated areas and contribute to the use of public transport for regional mobility.

Sector(s)

• Services - Accommodation and food service activities
• Services - Arts, entertainment and recreation
• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 30 million

Total cost (Approximate amount)

EUR 62 million

Environmental aspects

The investment schemes included in the project 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.

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 - 20/07/2017