MADRID JUDICIAL INFRASTRUCTURE DEVELOPMENT (EIB-20240873)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Spain
Geographic location where the impacts of the investment may be experienced.
Specific Location
Madrid
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
COMUNIDAD AUTONOMA DE MADRID
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 360.31 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 330
Converted using 2025-03-17 exchange rate.
Loan Amount (USD)
$ 360.31 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 330
Converted using 2025-03-17 exchange rate.
Project Cost (USD)
$ 873.47 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 800
Converted using 2025-03-17 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Mar 19, 2025

Disclosed by Bank Mar 17, 2025


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EIB, the project concerns the Region of Madrid New City of Justice. It will be an integrated urban development complex which will centralise in one single compound all existing judicial bodies and services that are under the responsibility of the Autonomous Region of Madrid (Comunidad Autónoma de Madrid).

The main objective of the project is to improve the quality of the public service of justice administration, pursuing the following objectives:

  • Centralise the judicial buildings in a single headquarters, solving the space deficit and the aging of some of the current buildings;
  • Generate reserve spaces, in order to cater for future extensions of the judicial administration in Madrid;
  • Improve the effectiveness and functioning of the judicial bodies, eliminating the reduction in the operability of the justice administration derived from the dispersion of the judicial offices;
  • Provide modern and functional infrastructures to the judicial bodies of Madrid, so legal officers can carry out their activities with the best possible quality;
  • Protect victims of crimes and the privacy of users, implementing spaces for specific attention and separation of circulations between detainees, officials and the public;
  • Creation of fully accessible judicial infrastructure, without architectural barriers and with the implementation of the necessary measures to achieve universal accessibility in judicial buildings, which allows effective access to justice for all persons with disabilities, under equal conditions as the rest of the users of this essential public service;
  • Optimise resources by reducing the costs associated with the lease of the buildings, the maintenance and upkeep of the facilities, as well as the costs associated with common services, through the configuration of a single compound that enables the achievement of efficiency gains by managing optimised lifecycle costs of a single centralised infrastructure;
  • Contribute to achieving the objectives of budgetary stability or financial sustainability, promoting a long-term reduction in costs derived from the operational functioning and efficiency of the service.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No project contacts provided at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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How it works