Release date: 25 March 2008
Promoter – Financial Intermediary
Madrid, Infraestructuras del Transporte (MINTRA)
Location
Description
Extension of existing metro lines for a total of 7.8 km and construction of new stations.
Objectives
The project will contribute to improvements in Madrid’s public transport system by facilitating access to the city centre and increasing service capacity, reliability, frequency and comfort.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of the project costs.
Total cost (Approximate amount)
Around EUR 400 million.
Environmental aspects
The project falls under Annex II of Directive 97/11/EC, under which the national authorities decide on the need for an Environmental Impact Assessment on a case-by-case basis. Specific environmental procedures and measures for each project will be checked during appraisal. Apart from the temporary disturbance for residents during construction, the project should have positive effects on the environment, particularly in view of the improvement in the quality of the urban environment due to the reduction in car traffic and the increased supply of public transport services.
Procurement
Procurement procedures applied by the promoter are in compliance with EU Directives applicable to public authorities’ procurement, and national legislation. Under these conditions, the procurement procedures followed by the promoter are both suitable for the project and satisfactory to the Bank.
Status
Signed - 27/11/2008
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).