Release date: 27 May 2008
Promoter – Financial Intermediary
Autoridad Portuaria De Valencia
Location
Description
The project consists of a seaward expansion of the Port of Valencia, including the construction of a new external breakwater and infrastructure for a new container terminal area.
Objectives
The project will almost double the container handling capacity of the port from about 3.7 million TEUs at the four existing terminals to 7.1 million TEUs.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 350 million.
Total cost (Approximate amount)
Around EUR 700 million.
Environmental aspects
The project falls under Annex I of Directive 97/11/EC, requiring a full EIA carried out from March 2005 to August 2007, including environmental impact studies and public consultation. The environmental authorisation was issued by the Ministerio de Medio Ambiente and published on 16 August 2007 in the Spanish Official Journal. The Direcció General de Gestió del Medi Natural issued a declaration (Form A) on 1 October 2007, stating that the project has been subject of an appropriate assessment in line with the Habitats Directive and will not affect any nature conservation area.
Procurement
Compliant with EU directives.
Status
Signed - 4/12/2008
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).