FERROVIENORD REGIONE LOMBARDIA NEW ROLLING STOCK

Promoter – Financial Intermediary

FERROVIENORD SPA,REGIONE LOMBARDIA

Location

• Italy

Description

The project consists of the acquisition of 161 new train sets to replace obsolete rolling stock for suburban and regional services in the Italian Lombardy Region.

Objectives

The project will contribute to increasing the quality of passenger rail services in Lombardy. The new rolling stock is expected to allow more efficient operation, reduce maintenance costs, lower energy consumption and increase the level of comfort for passengers. Indirectly, by improving services, the renewal of rolling stock will help railways to compete with other transportation modes, particularly private vehicles, so as to maintain or improve its modal share. Shifting passenger flows from other modes to rail may result in reduced vehicle operation costs, as well as safety and environmental benefits.

Sector(s)

• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 650 million

Total cost (Approximate amount)

EUR 1607 million

Environmental aspects

The project will promote a modal shift from road to rail and, therefore, generate environmental and safety benefits. The acquisition of rolling stock is out of the scope of the Environmental Impact Assessment Directive (2011/92/EU), the Habitats Directive (92/43/EEC) as well the Birds Directive (2009/147/EC). No associated facilities are planned to be built; this will be confirmed at the appraisal.

Procurement

The Bank will require the promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation - Directive 2014/25/EU - as well as Directive 92/13/EEC, as interpreted by the Court of Justice of the European Union, with the publication of tender notices in the Official Journal of the European Union (OJEU), as and where required.

Status

Signed - 31/05/2018