First EU ‘project bond’ in Spain halted

The building of a large offshore submarine gas storage facility in Spain has been halted in October 2013 due to earthquakes detected in the area. The so-called Castor Project is the first in Europe to issue ‘project bonds’ for a total of €1.4 billion.

• Primary Source

ESO: Background information: EU-EIB Project Bond Initiative launched with start of pilot phase http://www.europeansources.info/record/press-release-eu-eib-project-bond-initiative-launched-with-start-of-pilot-phase/

ESO: Background information: Memo: Europe 2020 Project Bond Initiative: Frequently asked questions http://www.europeansources.info/record/memo-europe-2020-project-bond-initiative-frequently-asked-questions/

---