Signature(s)
Amount
€ 150,000,000
Countries
Sector(s)
Spain
: € 150,000,000
Credit lines
: € 150,000,000
Signature date(s)
24/05/2004 : € 150,000,000
Summary sheet
Release date
17 February 2004
Status
Reference
Signed | 24/05/2004
20030573
Project name
Promoter - financial intermediary
Banco de Credito Local (Global Loan XIX)
Banco de Credito Local de España (BCL).
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 m. The EIB funding would represent up to 50% of individual allocations and about 33% of the total investment in projects.
Approximately EUR 450m.
Location
Sector(s)
Description
Objectives
The global loan will be used to finance projects of limited scale in infrastructure, environmental protection and improvement, energy, health, education and housing, as well as those falling under the scope of the EIB’s innovation 2010 initiative (i2i).
The global loan will contribute to regional development by improving infrastructures in assisted areas.
Environmental aspects
Procurement
In accordance with the Bank’s global loans policy, BCL will ensure that national legislation and EU directives will be applied as regards environmental protection.
In accordance with the Bank’s global loan policy, BCL will ensure that national legislation and EU tendering directives are applied.
Comments
Infrastructure.