Signature(s)
Amount
€ 200,000,000
Countries
Sector(s)
Spain
: € 200,000,000
Credit lines
: € 200,000,000
Signature date(s)
22/07/2011 : € 200,000,000
Summary sheet
Release date
23 November 2010
Status
Reference
Signed | 22/07/2011
20100207
Project name
Promoter - financial intermediary
BBVA Line for Local Authorities
BANCO BIILBAO VIZCAYA ARGENTARIA SA – BBVA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
The EIB funding would represent up to 50% of individual allocations.
Not applicable.
Location
Sector(s)
Description
Objectives
EIB credit line for local authorities to finance public projects of limited scale carried out by public sector authorities, mostly in convergence regions of Spain.
It is expected that around 70% of the global loan funds will be allocated to projects in convergence areas of Spain, where municipal and regional infrastructure development are below the EU average.
Environmental aspects
Procurement
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, where applicable.