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LORCA EARTHQUAKE RECONSTRUCTION

Signature(s)

Amount
€ 185,000,000
Countries
Sector(s)
Spain : € 185,000,000
Urban development : € 185,000,000
Signature date(s)
28/06/2012 : € 185,000,000
Link to source

Summary sheet

Release date
30 August 2011
Status
Reference
Signed | 28/06/2012
20110308
Project name
Promoter - financial intermediary
Lorca Earthquake Reconstruction

Comunidad Autónoma de la Región Murcia

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 250 million
Up to EUR 500 million
Location
Sector(s)
Description
Objectives

Reconstruction of various buildings, residential and non- residential, upgrading of cultural and historical heritage and improvement of public infrastructure (roads, telecommunications, utilities, etc.) in the municipality of Lorca (Region of Murcia), following the May 11th 2011 earthquake.

The project involves the financing of the reconstruction of residential and non-residential buildings damaged in the earthquakes of May 11th 2011.

Environmental aspects
Procurement

The project is a multi-sector multi-scheme operation classified as a Framework Loan. Some of the schemes may eventually fall under Annex I or Annex II of the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, or may have an impact on an area forming part of the Natura 2000 network. It will be required that all the schemes be implemented in compliance with relevant EU environmental legislation. The potential social impacts will also be assessed as part of the appraisal.

The promoter, as a public administration entity, is required to follow EU public procurement rules (Directives 2004/17/EC and 2007/18/EC), including publication of contract notices in the EU Official Journal as implemented by national law, if and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in national legislation. The promoter’s procurement rules and practices will be further reviewed by the Bank during appraisal.

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).

Documents

Environmental and Social Data Sheet (ESDS) - LORCA EARTHQUAKE RECONSTRUCTION
Publication Date
12 May 2016
Document language
Main Topic
Lending
Document Number
66413044
Document Focus
Environmental Information
Project Number
20110308
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - LORCA EARTHQUAKE RECONSTRUCTION
Publication Date
31 Dec 2023
Document language
Main Topic
Lending
Document Number
138878957
Document Focus
Environmental Information
Project Number
20110308
Sector(s)
Regions
Countries
Publicly available
Download now

News & Stories

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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