Release date: 31 July 2002
Promoter – Financial Intermediary
Autoritat del Transport Metropolità de Barcelona (ATM)Location
Description
The project concerns the construction of several train sets for the lines 2,3,5 and 9 of the Metro of Barcelona (the construction of the latter being also approved for financing by the EIB).
Objectives
Improving the quality of the underground service in Barcelona will enhance the attractiveness of the metropolitan public transport system contributing to contain excessive reliance on car use and its negative environmental implications.
Comments
Communication
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of the total project cost
Total cost (Approximate amount)
Around EUR 500 mio
Environmental aspects
The promoter is required to respect the regulations imposed by European directives. In accordance with its normal procedure, the Bank will ensure that appropriate measures have been taken as regards environmental protection.
Procurement
The promoter is required to respect the EU directives as regards invitations to tender.
Status
Signed - 25/11/2003