Release date: 14 March 2012
Promoter – Financial Intermediary
Administrador de Infraestructuras Ferroviarias (ADIF)
Location
Description
Financing of a new high speed priority TEN-T rail line in the Basque Country connecting Spain´s network with the French border. The line will be split into two tranches of about 90 km each: Vitoria-Bilbao and Bergara-San Sebastián-French border.
Objectives
The Project belongs to the future European Core Network, now Priority axis nº 3: “High speed railway axis of southwest Europe”, ensuring the continuity of the rail network between Portugal, Spain, France, and the rest of Europe.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 1 000 million
Total cost (Approximate amount)
EUR 4 000 million
Environmental aspects
According to EU Directive 85/337/EEC amended by 97/11/EC and 2003/35/EC, the project falls into the Annex I category and therefore an EIA is mandatory. Compliance with national and EU environmental legislation as well as potential impacts on Natura 2000 network will be verified during appraisal. The project planning predates the SEA Directive 2001/142/EC.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EEC/ or 2004/17/EEC and Dir. 2007/66/EC), with parallel publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 22/06/2012
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).