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Summary sheet

Release date
22 January 2026
Status
Reference
Under appraisal | 27/02/2025
20240923
Project name
Promoter - financial intermediary
MATERIEL ROULANT - AUVERGNE RHONE ALPES
REGION AUVERGNE-RHONE-ALPES
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 500 million
EUR 1010 million
Location
Sector(s)
Description
Objectives

The project will support the acquisition of 10 electric multiple units, 3 bi-mode electric/hydrogen multiple units and mid-life renewal of part of the of the existing electric and bimodal rolling stock fleet used for regional passenger services in the Auvergne Rhone Alpes Region in France (169 units). It also includes the construction of a new workshop integrated into the existing depot site in Clermont-Ferrand.

The new and modernised rolling stock and the associated facilities should improve the quality and increase the offer of passenger rail services offered in the region, promoting more efficient operation, reducing maintenance costs, lowering energy consumption and increasing the level of comfort for passengers. The project will also facilitate access to rolling stock by various rail operators and consequent liberalisation of rail services. Additionally, it will promote sustainable transport and foster modal shift from road to rail, thereby to reduce CO2 emissions and pollution levels. The impact on modal share would also improve transport safety. The new and modernised rolling stock is expected to be used partly in a cohesion region (Auvergne).

Environmental aspects
Procurement

In relation to adaptation and extension works in the existing facilities, the compliance with the requirements of the Environmental Impact Assessment (EIA) directive and the development consents are to be reviewed during appraisal. The project's potential impacts on protected areas and species, in accordance with the Habitats Directive (92/43/EEC) and Birds Directive (2009/147/EC) will also be appraised. The components related to modernisation of rolling stock do not fall under either Annex I or Annex II of the Environmental Impact Assessment Directive 2011/92/EU as amended by Directive 2014/52/EU. All else equal, the project is expected to have a positive environmental impact by helping the railways to promote modal shift from roads in key sections of the passenger market that are most appropriately served by rail. The project is also expected to contribute to climate action and EIB group's environmental sustainability objectives, in particular to climate mitigation and pollution prevention and control.

The EIB will require that all project contracts are procured in accordance with the applicable EU procurement legislation.

Milestone
Under appraisal
Link to source

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).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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