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    Signature(s)

    Amount
    € 60,000,000
    Countries
    Sector(s)
    Spain : € 60,000,000
    Transport : € 60,000,000
    Signature date(s)
    13/10/2011 : € 60,000,000

    Summary sheet

    Release date
    17 June 2011
    Status
    Reference
    Signed | 13/10/2011
    20100286
    Project name
    Promoter - financial intermediary
    Bilbao Port Authority

    AUTORIDAD PORTUARIA DE BILBAO

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 60 million
    Up to EUR 120.86 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the expansion/rehabilitation of port infrastructure in the Port of Bilbao.

    The objective of the project is to cope with expected traffic growth, which otherwise would need to be handled at ports located farther away from final destinations, and thus resulting in bigger land transport costs.

    Environmental aspects
    Procurement

    Compliance of the various project components with the EU EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, and biodiversity assessment requirements will be verified during appraisal, and the status of any environmental studies and public consultations will be reviewed.

    Bilbao Port Authority is a contracting authority within the meaning of Directive 2004/17/EC of 31 March 2004. The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the above procurement legislation, with parallel publication of tender notices in the Official Journal of the EU, as and where appropriate.

    Disclaimer

    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).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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