ANNOUNCEMENT 16 Oct 2012

On 16 October 2012, the EIB provided financing worth EUR 175 million (USD 227 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 16 Oct 2012 | Removal date: open ended

State loan

On 16 October 2012, the European Investment Bank (EIB) and Ente Publico De Aeropuertos Espanoles y Navegacion Aerea signed an agreement worth EUR 175 million (approx. USD 227 million) for the project Airport Safety Infrastructure from Spain. The total cost of the project is estimated at EUR 353 million.

According to the project description issued by the EIB, The project concerns improving the degree to which international civil aviation safety standards are being met at airports within the Spanish network owned and operated by Aeropuertos Españoles y Navegación Aérea (AENA). This is required by the State Agency for Aviation Security (AESA) under the new certification process for Spanish airports. Improvements mainly comprise strip widening and re-profiling, obstacle removal, airfield lighting and navigational aid upgrades..

The objective of the project is defined as following: All airports included in the project form part of the existing trans-European transport network (TEN-T). Four of them form part of the Core Network of the new proposal adopted by the European Commission, with the rest belonging to the Comprehensive Network of such proposal, making the project eligible under Article 309 point (c) common interest. In addition, approximately 45% of the estimated project cost corresponds to project components located in regions qualifying under the convergence objective, making the project partially eligible under Article 309 point (a) projects for developing less-developed regions..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A