Release date: 15 September 2015
Promoter – Financial Intermediary
REINO DE ESPANALocation
Description
The project consists of the expansion of port infrastructure in the Port of Bilbao, Spain, including construction of a new quay, a new passenger terminal and two intermodal facilities in the hinterland area.
Objectives
The project will allow the Port of Bilbao to accommodate more traffic and alleviate operational constraints of the existing layout. It will also enhance the port capacity to better serve its hinterland region and foster transport modal shift from road to rail and maritime, thus reducing air pollution. The Port of Bilbao is part of the TEN-T core network.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
EUR 155 million
Environmental aspects
The project's compliance with Strategic Environmental Assessment (SEA) Directive 2001/42/EC, Environmental Impact Assessment (EIA) Directive 2011/92/EU, Habitats Directive 92/43/EEC and Birds Directive 2009/147/EC, including the status of any environmental studies and public consultation, mitigation measures, environmental monitoring plans and biodiversity assessment requirements will be verified during appraisal.
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 (Directive 2004/17/EC as well as Directive 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 22/12/2015
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).