TAMPERE CITY TUNNEL

Promoter – Financial Intermediary

TAMPERE
FINNISH TRANSPORT AGENCY

Location

• Finland

Description

Construction of the 2.3 km Rantaväylä tunnel on Highway 12 in the centre of the City of Tampere together with the necessary junctions in Santalahti and Naistenlahti on Highway 12.

Objectives

The project is part of the city of Tampere’s mobility plan and a major contribution to urban sustainable transport. The expected economic benefits include time savings and reductions in vehicle operating costs due to enhanced road conditions and capacity. The project is expected to provide a safer environment and reduced congestion, shifting traffic away from the city centre. The project will rearrange and improve traffic flows in Tampere.

Sector(s)

• Transport

Proposed EIB finance (Approximate amount)

EUR 110 million

Total cost (Approximate amount)

Not disclosed.

Environmental aspects

The project falls under Annex II of the EIA Directive 2011/92/EU and was screened in and an EIA was done. The Bank will confirm whether a separate Strategic Environmental Assessment, in accordance with the (SEA) Directive 2001/42/EC, has also been done for the project. Compliance with the Habitats Directive (92/43/EEC) and Birds Directives (79/409/EEC) will be examined during appraisal to determine what impact the project has on these areas. These aspects will be further reviewed during appraisal.

Procurement

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation Directive 2004/18/EC with publication of tender notices in the EU Official Journal, as and where required.

Status

Signed - 13/11/2015