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The global loan will be used to finance infrastructure investments of local authorities and public sector institutions, mainly located in assisted areas.
The project will contribute to regional development by improving infrastructures in assisted areas and also by contributing to environmental protection and rational use of energy.
In accordance with the Bank’s global loans policy, Caja de Ahorros del Mediterraneo will ensure that national legislation and EU directives will be applied as regards environmental protection.
In accordance with the Bank’s global loan policy, Caja de Ahorros del Mediterraneo will ensure that national legislation and EU tendering directives are applied.
Infrastructure, energy, environmental protection, health, education and housing.