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    Reference: 20160491
    Release date: 27 October 2016

    Promoter – Financial Intermediary

    AYUNTAMIENTO DE PALMA DE MALLORCA

    Location

    Description

    The operation involves financing the bus fleet renovation carried out by the public company managing urban transport in the municipality of Palma de Mallorca, the capital of the island of Mallorca in Spain.

    Objectives

    The investments will improve the quality of service of the bus network while contributing to the sustainability of urban transport and climate change mitigation. These aims are in line with the EIB's transport lending policy and EU and EIB objectives on climate action.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 30 million

    Total cost (Approximate amount)

    EUR 60 million

    Environmental aspects

    The construction of the new buses will take place in the manufacturer's plants and does not fall within the scope of Directive 2011/92/EU. Therefore no environmental impact assessment (EIA) is required for the project. The project is expected to deliver positive environmental benefits thanks to the substitution of Euro II, III, IV and V standard buses with high performance new Euro VI-compliant buses and compressed natural gas (CNG) buses. This aspect will be further checked at appraisal.

    Procurement

    The promoter is a contracting entity within the meaning of EU Directive 2014/25/EU. All contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2015/25/EU and Directive 2007/66/EC in this case) as interpreted by the Court of Justice of the EU, with publication notices in the Official Journal of the EU (OJEU), as and where required. For all contracts valued above the relevant thresholds, the promoter will publish the call for tender and award notices in the OJEU, while those with values below the EU thresholds will be procured according to the provisions laid down in national legislation, respecting the relevant principles of the EU Treaty (transparency, equal treatment and non-discrimination on the basis of nationality).

    Status

    Signed - 23/01/2018

    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