E18 Muurla-Lohja PPP Project (TEN)

Finland
On the European E18 motorway, which links Turku in the south west via the Greater Helsinki Area with Vaalimaa situated on the Russian border in the south east.

Description

The construction and operation of a 50 km section of the E18 motorway between Muurla and Lohja, including seven tunnels, eight interchanges and forty-nine bridge sites.

Objectives

The new motorway section will complete the missing link between Turku and Helsinki, thus improving the transport efficiency, safety conditions, and environment protection and savings in travel time for local, as well as for international transit traffic, along the E18.

Comments

Road Transports.

Sector(s)

Transport

Proposed EIB finance (Approximate amount)

Up to EUR 200 million. To be reviewed once the preferred bidder has been appointed. The Bank’s loan would not exceed the usual limits in relation to project cost for this type of project.

Total cost (Approximate amount)

The capital cost is currently estimated to be approximately EUR 360 million, but will be finalized once the preferred bidder has been appointed.

Environmental aspects

The project falls within the scope of Annex 1 of the EC Directive 97/11, requiring a full EIA with public consultation, which has already been undertaken.

Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA)

Procurement

The project will be procured as a Public Private Partnership to design, build, finance and maintain the infrastructure. The payment mechanism will be based on availability and performance payments to the concession company during a 25-year concession. The procurement procedure applied by Finnra is based on Finnish national laws (1505/1992 and 380/1998), which are in accordance with EU Directives. The project was advertised in the Public Procurement Gazette on 11 March 2004, issue 11.2004, and in the Official Journal of the EU, issue S47/2004.

Status

Signed - 27/10/2005.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

Projects

Construction and operation of section of E18 motorway between Muurla and Lohja in southern Finland

E-mail

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.

Alternatively, EIB can also be contacted through its external offices.

Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.

Media enquiries

Media related enquiries can be addressed to the EIB Press Office. Please also visit our Press Corner.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged to EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero-tolerance against fraud and corruption

The EIB has a zero-tolerance policy on fraud or corruption. To report allegations of fraud or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.

EIB Transparency Policy

The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.

Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.