Release date: 12 June 2002
Promoter – Financial Intermediary
CANAL DE ISABEL II.Location
Description
The project comprises the implementation of the Regional Sanitation Plan for the region of Madrid, including a large number of wastewater collection and treatment schemes, and the rehabilitation and sealing of the Plaza de Castilla water underground reservoir in Madrid, and its conversion into a 3 Ha. urban park.
Objectives
Improving the quality of the water resources in the Madrid region through proper wastewater treatment to 100% of the population; improving the quality of life in the city of Madrid.
Comments
Sanitation and urban redevelopment.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of project cost.
Total cost (Approximate amount)
Estimated cost of some EUR 200 mio.
Environmental aspects
The proposed target of 100% coverage rate for wastewater treatment will have a positive effect on the quality of the regional water resources and on the environment. The promoter is required to respect the regulations imposed by European Union directives. In accordance with its normal procedure, the Bank will ensure that appropriate measures have been taken as regards environmental protection.
Procurement
Procurement procedures applied by the promoter are in compliance with Council Directives applicable to public authorities' procurement, and national legislation. According to information provided by the promoter, all tenders were published in the EC Official Journal.
Status
Signed - 4/11/2002
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).