Release date: 5 March 2008
Promoter – Financial Intermediary
Metro de MadridLocation
Description
Acquisition of rolling stock for the metro Madrid network
Objectives
The project will contribute to improve Madrid’s public transport system by facilitating access to the city center and increasing service capacity, reliability, frequency and comfort.
Sector(s)
Proposed EIB finance (Approximate amount)
Around EUR 400 million
Total cost (Approximate amount)
Around EUR 850 million
Environmental aspects
The construction of the new train sets will take place in the manufacturers plants and does not fall within the scope of Directive 85/337/EEC (as amended) nor Directive 2001/42/EC and therefore neither an EIA nor a SEA is required for the project.
Procurement
Procurement procedures applied by the promoter are in full compliance with EU Directives applicable to public authorities’ procurement, and national legislation. Under these conditions, the procurement procedures followed by the promoter are suitable for the project and satisfactory to the Bank.
Status
Signed - 27/04/2010
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).