Release date: 24 April 2002
Promoter – Financial Intermediary
Comunidad Autónoma de las Islas Baleares (CAIB)Location
Description
The project aims at repairing the substantial damages to parts of the Balearic Islands suffered in November 2001, particularly to woodland areas, as a result of heavy rain and gales. The project will comprise a large number of individual actions such as clearing woodlands of fallen trees, re-planting of fruit trees, repair and replacement of damaged equipment and buildings, road rehabilitation, etc.
Objectives
The project will contribute to the rehabilitation of urban and rural areas damaged by storms. In addition to the rehabilitation of agricultural areas and woodlands, beneficial impacts will be restoring the landscape and generally maintaining the attractiveness for tourism, the mainstay of the regional economy.
Comments
Infrastructure, agriculture and environment
Sector(s)
Proposed EIB finance (Approximate amount)
Around EUR 50 m
Total cost (Approximate amount)
Around EUR 100 m
Environmental aspects
The overall environmental impact should be largely positive. The promoter is required to respect existing local and European directives.
Procurement
The promoter is required to respect community directives.
Status
Signed - 10/10/2002