Release date: 10 February 2017
Promoter – Financial Intermediary
MITSUI RAIL CAPITAL EUROPE BVLocation
Description
Extension of a locomotive fleet for leasing to European rail freight service operators
Objectives
The project consists of the acquisition of electric locomotives for leasing to European rail operating companies. Most locomotives will be homologated for operation in several countries.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 120 million
Total cost (Approximate amount)
EUR 250 million
Environmental aspects
The 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 with applicable EU directives will be checked during the Bank's due diligence at appraisal.
Procurement
The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation, then the Bank would require the promoter to ensure that contracts for the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation.
Status
Signed - 1/02/2018
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).