Release date: 21 January 2008
Promoter – Financial Intermediary
The UK Department for Transport
Location
Description
The project consists of a circa 30 year contract for the design, manufacture, financing and maintenance of a new fleet of trains to serve several UK TEN-T rail routes. The new fleet is expected to consist of up to 1500 new vehicles.
Objectives
The trains are to be designed to meet a demanding range of requirements including energy efficiency, minimisation of emissions, optimised carrying capacity and the European technical standards for interoperability (e.g. ERTMS).
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 500 million. (EUR 735 million)
Total cost (Approximate amount)
Approximately GBP 2.5 billion. (EUR 3.3 billion)
Environmental aspects
The supply of rolling stock does not fall within the scope of EIA Directive 85/337/EEC (as amended) nor the SEA Directive 2001/42/EC. Therefore neither an EIA nor a SEA is required for the rolling stock component of the project. Any proposals for new maintenance depots and scrapping procedures for rolling stock taken out of service will be investigated at appraisal.
Procurement
Department for Transport is an organisation that is subject to EU public procurement directives. The procurement of rolling stock falls under the EU Procurement Directive for utilities. DfT has launched a restricted negotiated procedure with OJEU publication 2007/S 48-059536 on 9 March 2007. A short list of three bidders was announced in August 2007.
Status
Signed - 24/07/2012
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).