Release date: 17 June 2009
Promoter – Financial Intermediary
To be defined at a later stage.
Location
Description
The project consists of a cross-border railway tunnel of approximately 55.5 km crossing the Alps between Innsbruck (Austria) and Fortezza (Italy) to be used for freight and high speed passenger transport. The project in a wider sense also will have to comprise the implementation of major additional infrastructures on both its northern and southern access routes between Munich and Verona.
Objectives
The project will provide a shorter and more efficient alternative to the existing (above ground-level) pass route and should lead to a modal shift from road to rail.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 1.8 billion.
Total cost (Approximate amount)
An estimate of total project cost will be provided at a later stage.
Environmental aspects
The project falls under Annex 1 of the EU Directive 85/337/EEC. Compliance with all applicable EU and national environmental legislation on environment will be verified during appraisal, with particular focus on the following:
- SEA (Strategic Environmental Assessment), in accordance with EU Directive 2001/42;
- EIA (Environmental Impact Assessment), in accordance with Directive 85/337/EEC (and following amendments Directive 97/11/EC and 2003/35/E);
- Nature Conservation, in accordance with EU Habitat Directive 92/43/EEC (especially Articles 6, 10 and 12) and EU Birds Directive 74/409/EEC.
Procurement
The Bank will require the Promoter to ensure that the contracts related to the project have been or shall be tendered in accordance with EU public procurement procedures.
Status
Under appraisal - 17/06/2009
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).