Release date: 22 November 2006
Promoter – Financial Intermediary
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA)Location
Description
The global loan will be used to finance projects of limited scale in infrastructure, environmental protection and improvement, energy, health, education, housing, innovation and development of the information society.
Objectives
The project will contribute to support infrastructure investments of local authorities in Spain and other EU countries. At least 70% of the global loan funds will be allocated to projects in Objective 1 and 2 areas.
Comments
Infrastructure, energy, environmental protection and improvement, health, education, housing, innovation and development of the information society.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million. The EIB funding would represent up to 50% of individual allocations.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
In accordance with the Bank's global loans policy, BBVA will ensure that national legislation and EU directives will be applied as regards environmental protection.
Procurement
In accordance with the Bank's global loan policy, BBVA will ensure that national legislation and EU tendering directives are applied.
Status
Signed - 5/11/2007