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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Spain : € 50,000,000
Urban development : € 3,000,000
Transport : € 47,000,000
Signature date(s)
7/06/2011 : € 3,000,000
7/06/2011 : € 47,000,000
Link to source

Summary sheet

Release date
21 January 2011
Status
Reference
Signed | 07/06/2011
20100328
Project name
Promoter - financial intermediary
Soterramientos Ferroviarios Valencia

Red de Transporte y Puertos de la Generalitat Valeciana (EGTP).

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 100 million
Up to EUR 300 million
Description
Objectives

The project consists of putting underground three stretches of the existing surface railway lines (Metrovalencia lines 1 and 3) in three densely populated areas (Alboraia, Benimàmet, Burjassot) of the Valencia metropolitan area.

The aim of the project is to improve safety, reliability and level of service of the metro lines concerned, contributing to an enhancement of urban mobility and road safety by freeing the new spaces created at the surface for integrated urban development, thus contributing to improve the quality of life of the residents.

Environmental aspects
Procurement

As a public enterprise of a Member State, GTP is obliged to follow the relevant EU legislation regarding the environmental impact of projects (namely SEA, EIA and Habitat/Natura 2000 Directives) and accordingly the Promoter will be required to implement all the project components in compliance with the relevant legislation.

The Promoter is subject to and follows public procurement rules according to EU regulations, in particular EU procurement Directives (2004/18/EC and 2004/17/EC). Tenders shall be organised in compliance with EU requirements, with publication of tender notices in the EU Official Journal for components above thresholds.

Link to source

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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