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    Reference: 20230274
    Release date: 10 June 2024

    Promoter – Financial Intermediary




    The project consists of a multi-scheme operation classified as a Framework Loan to co-finance the Regional Investment Programme (PIR) 2022-2026 of the Autonomous Community of Madrid.


    The aim is to finance small municipal infrastructure and equipment to guarantee solidarity and inter-municipal balance within the framework of social and economic policy, ensuring provision of mandatory municipal services.


    Proposed EIB finance (Approximate amount)

    EUR 225 million

    Total cost (Approximate amount)

    EUR 450 million

    Environmental aspects

    Some of the schemes may fall under Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU. Should any scheme have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 2009/147/EC), the promoter will have to comply to the provisions of the aforementioned Directives as transposed into the national law. It is a requirement that all schemes must be implemented in compliance with the EU environmental legislation. Environmental and efficiency improvements in public buildings will be required to comply with the provisions of the EU Directive on Energy Performance of Buildings 2010/31/EU. The EIB's appraisal will focus on the promoter's environmental management capacity in applying the EU Strategic Environmental Assessment (SEA) Directive 2001/42/EC and Environmental Impact Assessment (EIA) Directive 2011/92/EU amended by the Directive 2014/52/EU, as relevant and transposed to the national legislation. Some schemes might concern the new construction or refurbishment of buildings. The EIB will assess the promoter's compliance with the energy performance of buildings directive (Directive EU/2018/844) at appraisal and during the allocation phase. The Promoter will be required to act in compliance with the relevant EU environmental legislation.


    The promoter has to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/23/EU / 2014/24/EU / 2014/25/EU as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required. The applicability of Directive 2011/92/EU amended by the EIA Directive 2014/52/EU, the Habitats Directive 92/43/EEC and the Birds Directive 2009/147/EC will be reviewed at appraisal and during the allocation phase.


    Under appraisal - 4/06/2024

    Under appraisal


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Spain Urban development