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Signature(s)

Amount
€ 350,000,000
Countries
Sector(s)
Spain : € 350,000,000
Transport : € 350,000,000
Signature date(s)
4/12/2008 : € 50,000,000
14/06/2012 : € 100,000,000
23/12/2008 : € 200,000,000
Link to source

Summary sheet

Release date
27 May 2008
Status
Reference
Signed | 04/12/2008
20080016
Project name
Promoter - financial intermediary
Puerto De Valencia Expansion Norte

Autoridad Portuaria De Valencia

 

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 350 million.
Around EUR 700 million.
Location
Sector(s)
Description
Objectives

The project consists of a seaward expansion of the Port of Valencia, including the construction of a new external breakwater and infrastructure for a new container terminal area.

The project will almost double the container handling capacity of the port from about 3.7 million TEUs at the four existing terminals to 7.1 million TEUs.

Environmental aspects
Procurement

The project falls under Annex I of Directive 97/11/EC, requiring a full EIA carried out from March 2005 to August 2007, including environmental impact studies and public consultation. The environmental authorisation was issued by the Ministerio de Medio Ambiente and published on 16 August 2007 in the Spanish Official Journal. The Direcció General de Gestió del Medi Natural issued a declaration (Form A) on 1 October 2007, stating that the project has been subject of an appropriate assessment in line with the Habitats Directive and will not affect any nature conservation area.

Compliant with EU directives. 

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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