Release date: 8 December 2015
Promoter – Financial Intermediary
TRANSPORT FOR LONDONLocation
Description
Supply of up to 60 4-car units (240 vehicles) to London Overground for use on the Gospel Oak Barking route, the West Anglia Inner routes and the East London/North London routes, and minor associated civil works related to station improvements and platform extensions
Objectives
The project will replace existing diesel trains and almost-40-year-old electric trains with new electric trains on the London Overground network.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 307 million (GBP 220 million)
Total cost (Approximate amount)
EUR 642 million (GBP 461 million)
Environmental aspects
Manufacture of the new train sets will take place in the manufacturer's plant and does not fall within the scope of the Environmental Impact Assessment (EIA) Directive 2011/92/EU; therefore no EIA is required. Compliance of associated facilities, in particular of a new depot or expansion of existing depots, if any, with EU directives on the environment will be analysed 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 (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 - 6/04/2016
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).