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    Reference: 20210540
    Release date: 11 March 2022

    Promoter – Financial Intermediary

    INSTITUT CATALA DE FINANCES

    Location

    Description

    Financing the acquisition of eight electric trainsets to be operated in the underground network of the city of Barcelona by the municipal operator Ferrocarrils Metropolitans de Barcelona.

    Objectives

    The project is part of the rolling stock renewal proposal included in the Infrastructure Master Plan 2021-2030 of Barcelona's Metropolitan Area. The project generates good economic and social benefits, improving reliability and availability of public transport services, potentially reducing the use of private cars in the city and thus minimising transport externalities including noise, pollution and CO2 emissions.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 25 million

    Total cost (Approximate amount)

    EUR 51 million

    Environmental aspects

    The acquisition of new rolling stock (metros) does not fall within the scope of the EIA Directive 2014/52/EU (amending Directive 2011/92/EC). Therefore, no environmental impact assessment (EIA) will be required. The Bank will review the compliance with relevant EU directives and will require the Promoter to follow applicable environmental EU legislation.

    Procurement

    The Bank requires the Promoter to ensure that contracts for the implementation of the project have been and shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/25/EU (repealing 2004/17/EC) and/or 2014/24/EU (repealing 2004/18/EC) as well as Directive 2007/66/EC (amending 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 - 30/05/2022

    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