| Project Detail |
Construction of an underground road link "Lamiako Tunnel" connecting the two banks of the Nervion river in the outskirts of Bilbao, Spain. The road link will connect to A8 Santander-Bilbao TEN-T Core network Atlantic corridor, within the Bilbao Urban Node. The 3.9 km long link consists of a 3.2 km twin tube tunnel and connecting roads, including two interchanges and three at-grade intersections. Each tube will include two lanes one-way road. In addition, the western tube will integrate a single-track underground light metro over 300 m.
Additionality and Impact
The project addresses the market/network failure related to accessibility along the Core TEN-T road network. The project is expected to improve connectivity to TEN-T Atlantic Corridor in the TEN-T urban node of Bilbao. It will help to increase resilience of the transport network in the greater Bilbao region and will contribute to climate change mitigation through reduced travel in the area. It will contribute to social cohesion in the greater Bilbao region, where municipalities show different levels of economic and social development. The new link will reduce travel times, vehicle operating costs, road crashes and exposure of inhabitants to air and noise pollutants and will therefore improve the quality of life for local residents. Through its layout and multi-modal concept, the project will contribute to both climate change mitigation and adaptation.
EIB financing provides the client with competitive pricing, long tenor and flexible loan conditions, such as long grace and disbursement periods, which are therefore better suited for the implementation of the Project. EIBs financing also supports INTERBIAK in achieving diversification of funding sources and contributes to the stability of their financing needs.
Objectives
The project will provide with a new transport link across the Nervion river and serve as an alternative to a Rontegi bridge that, despite its high capacity, suffers from congestions. It will improve traffic conditions and reduce road traffic air emissions in five municipalities of the Greater Bilbao agglomeration and beyond. The project will contribute to climate change mitigation and adaptation, by providing with a resilient shorter road connection and by including an infrastructure for a future underground metro line. The project will contribute to the development of the TEN-T Atlantic Core Network Corridor within the Bilbao Urban Node and its port, and thus improve connectivity and inter-modality.
Sector(s)
Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 507 million |
