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    Reference: 20160943
    Release date: 30 March 2017

    Promoter – Financial Intermediary

    Banco Santander SA

    Location

    Description

    The purpose of this facility is to finance eligible investment carried out by irrigation user communities having the status of a 'body governed by public law' in Spain. The projects to be funded by the financial intermediaries involve the upgrading of the current infrastructure for higher efficiency in water and energy use and open a valuable option to farmers to improve the resource footprint of crop production.

    Objectives

    Financing of small/medium projects carried out by bodies governed by public law

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 12 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 20/11/2017

    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 Water, sewerage