Madrid Urban Renewal II

Promoteur – Intermédiaire Financier

AYUNTAMIENTO DE MADRID

Lieu

• Espagne

Description

The project concerns a number of small- and medium-sized investments aiming at improving the basic infrastructure in Madrid, Spain’s largest city and capital. The investment schemes retained for the Bank financing are in sectors meeting the Bank’s eligibility criteria such as urban renewal, traffic & transport, social & educational infrastructure, cultural heritage and community health and sport facilities.

Objectifs

The investments covered by the project are focused on a wide variety of eligible sectors for Bank’s financing and more specifically for urban renewal. The project will contribute to the economic development and the improvement of the quality of life of the inhabitants of Madrid.

Secteur(s)

• Infrastructure composite

Montant BEI envisagé (montant approximatif)

Up to 50% of the total project cost

Coût total (montant approximatif)

Around EUR 200 million

Aspects environnementaux

EU legislation relating to environmental protection has been incorporated into national and regional laws. The schemes will be located in consolidated urban areas and most will not require an EIA, or affect natural reserve zones. Within the appraisal due diligence carried out by the EIB, the full application of national legislation and EU Directives for each investment scheme included in the project will be checked with the promoter.

Passation des marchés

The promoter is required to comply with all the EU Directives as regards public procurement.

Statut

Signé - 30/11/2006