ESTONIAN ROLLING STOCK (FL 2008-0704)

The project is a major allocation under the structured programme loan "EU FUNDS CO-FINANCING 2007-2013 (EST) (2008-0704)" and concerns the acquisition of 18 Electric Multiple Units (EMU) for Elektriraudtee AS. The EU Commission's co-financing decision has been issued on 01/27/2010.

Improving the attractiveness of public transport through the modernisation and upgrade of Elron's rolling stock. The aim is to continue passenger transport with trains in the city of Tallinn and its vicinity. These units will replace all of the current rolling stock that is nearing the end of its useful life.

The project does not fall under either Annex I or Annex II of the Environmental Impact Assessment directive 2011/92/EU, since manufacturing and use of rail rolling stock is not included in either list. The project is expected to include some positive environmental impact by helping the railways to maintain modal share in key sections of the passenger market that are most appropriately served by rail. Compliance with environmentally friendly design standards (in particular compliance with Decision 2006/861/EC concerning the technical specification for interoperability relating to the noise) will also be further assessed during the appraisal.

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC in this case), with publication of tender notices in the EU Official Journal, as and where appropriate.