RENFE RAIL STATIONS UPGRADE PLAN (FL 2015-0068)

Promoter – Financial Intermediary

RENFE OPERADORA

Location

• Spain

Description

The project concerns the upgrade and modernisation of existing railway stations with the objective of enhancing the quality of service of Renfe Operadora.

Objectives

The project helps to promote sustainable transport, mitigate climate change, as well as economic and social cohesion by supporting investment in the region.

Sector(s)

• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 65 million

Total cost (Approximate amount)

EUR 137 million

Environmental aspects

The investment schemes included in this operation typically fall outside of the scope of the Environmental Impact Assessment (EIA) Directive. However, this will be further analysed during the appraisal, together with the potential impact (both positive and negative) of the investments. Compliance with the EIA Directive, as well as any potential significant or negative impact of the project on areas included in the Natura 2000 network (according to the Habitats Directive 92/43/EEC and the Birds Directive 2009/147/EC) will be assessed during appraisal. All the investment schemes will support the competitiveness of rail – a sustainable mode of transport – which should lead to environmental benefits.

Procurement

The Bank will require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 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

Approved - 7/09/2015