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    Reference: 20150364
    Release date: 8 October 2015

    Promoter – Financial Intermediary

    TRENITALIA SPA

    Location

    Description

    The project consists of the acquisition of rolling stock for regional passenger railway services in the Lazio, Liguria, Veneto, Piedmont and Tuscany regions in Italy. In particular, it consists of the acquisition of 49 five-car articulated electrical multiple units (EMUs) and 250 double-deck passenger coaches.

    Objectives

    The project will increase the quality of the services provided by the promoter, and thereby will promote sustainable transport solutions, in line with EU objectives.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 300 million

    Total cost (Approximate amount)

    EUR 709 million

    Environmental aspects

    The investments proposed under the project do not fall under either Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU) as manufacturing and use of rail rolling stock is not included in either list. The need for an EIA and/or assessment according to the Habitats Directive for associated facilities (e.g. maintenance workshops or depots) will be analysed during the appraisal. The project is expected to have a positive environmental impact by helping the railways to maintain modal share in key sections of the passenger market.

    Procurement

    The promoter is a contracting authority regulated by public procurement law. The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 23/12/2015

    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).

    Related tags

    Italy Transport