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Signature(s)

Amount
€ 60,000,000
Countries
Sector(s)
Spain : € 60,000,000
Urban development : € 60,000,000
Signature date(s)
18/09/2002 : € 60,000,000
Link to source

Summary sheet

Release date
18 May 2002
Status
Reference
Signed | 18/09/2002
20020082
Project name
Promoter - financial intermediary
Gran Canaria Urban Rehabilitation
Cabildo de Gran Canaria.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Approximately EUR 60 m
Estimated cost of EUR 120 m
Location
Sector(s)
Description
Objectives

Improvement of basic infrastructure in the island of Gran Canaria, such as sanitation, traffic, transport, urban development, social and educational infrastructure, cultural heritage and sport facilities.

Supporting the economic development of the island of Gran Canaria and improving the quality of life of its habitants and visitors.

Environmental aspects
Procurement

The promoter is required to respect the regulations imposed by the Directive 97/11/EC. In accordance with its normal procedure, the Bank will ensure that appropriate measures have been taken as regards environmental protection; in particular special measures for impact mitigation have been clearly identified during the design process.

The promoter adheres to EU directives, with all contracts over the relevant thresholds submitted to international tendering with publication in the EC Official Journal.

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).

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