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    Reference: 20180060
    Release date: 22 May 2018

    Promoter – Financial Intermediary

    PUBLIC ENTITY(IES)

    Location

    Description

    The project consists of the financing of the renewal and improvement of urban public transport fleets and its related infrastructure. Most investments financed under the programme will be into bus fleets (and related infrastructure) to improve the quality of services and to have cleaner fleets. The programme falls under the Cleaner Transport Facility.

    Objectives

    This project will contribute to sustainable transport and climate action objectives.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    EUR 400 million

    Environmental aspects

    The manufacturing of rolling stock does not fall within the scope of the Environmental Impact Assessment (EIA) Directive 2011/92/EC; therefore no EIA will be required for this component. In the case that an infrastructure component were to become part of the scope, then the compliance with the requirements of the EU EIA Directive 2011/92/EC would be required. The project is expected to have a positive environmental impact by helping the public transport to increase and/or maintain modal share. Furthermore the project should contribute to reducing the Greenhouse Gas (GHG) emissions and noise.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the programme have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/24/EU and/or 2014/25/EU as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of European Union, as and where required.

    Status

    Approved - 17/07/2018

    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