Release date: 3 May 2016
Promoter – Financial Intermediary
SOCIETE NATIONALE DES CHEMINS DE FER BELGESLocation
Description
The project consists of the acquisition of M7 double-deck passenger vehicles.
Objectives
The project is expected to generate rolling stock operating and maintenance costs savings. It should also improve the quality and increase the offer of passenger rail services in Belgium.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 600 million
Total cost (Approximate amount)
EUR 1300 million
Environmental aspects
The investment proposed under the project does 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 entity subject to public procurement rules. 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, with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 25/11/2016
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).