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    Signature(s)

    Amount
    € 77,600,000
    Countries
    Sector(s)
    Spain : € 77,600,000
    Transport : € 77,600,000
    Signature date(s)
    25/05/2012 : € 77,600,000
    Link to source

    Summary sheet

    Release date
    4 March 2011
    Status
    Reference
    Signed | 25/05/2012
    20100511
    Project name
    Promoter - financial intermediary
    Instalaciones AVE Albacete-Alicante

    Administrador de Infraestructuras Ferroviarias (ADIF)

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 110 million
    EUR 265 million
    Location
    Sector(s)
    Description
    Objectives

    Financing of signaling & telecommunication schemes under a public-private partnership (PPP) contract for the high speed infrastructure between Albacete and Alicante.

    Development of the detailed design of the project components – traffic control, fixed and mobile communications, and safety equipment. Execution of the construction works, including equipment testing.

    Environmental aspects
    Procurement

    According to EU Directive 85/337/EEC amended by 97/11/EC and 2003/35/EC, the overall high-speed rail link project falls into the Annex I category and therefore an EIA is mandatory. Compliance with national and EU environmental legislation as well as potential impacts on Natura 2000 network will be verified during appraisal. The project planning predates the SEA Directive 2001/142/EC. The works included in this particular contract do not fall into Annex I nor II of the above mentioned Directive and consequently no EIA is required.

    The PPP project will be procured under a competitive dialogue process. The contracting authority is a public promoter obliged to comply with the relevant applicable EU project legislation (EU directive 2004/18) and National Public Procurement legislation. The Bank will require the Promoter to ensure that contracts for the implementation of the project have been tendered and awarded in accordance with this legal framework and will review the awarded tender in this regard.

    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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