Release date: 6 March 2012
Promoter – Financial Intermediary
DNIPROPETROVSKIY METROPOLITENLocation
Description
The project consist of extending the existing metro line in Dnipropetrovsk by 4.0 kilometres and adding 3 stations. This would bring the metro service to the city centre to serve areas of high urban density and activity.
Objectives
The project will improve public transport in Dnipropetrovsk by extending the metro network into the city centre, making it more attractive for commuters. Consequently, it is expected that the investment results in a modal shift away from private car use, thus reducing the negative impacts of car transport on the environment.
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 152 million
Total cost (Approximate amount)
EUR 305 million
Environmental aspects
Outside the EU, the Bank refers to EU law as the benchmark of its EIA requirements. In the EU, the extension of a metro falls under Annex II of the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC and consequently the Competent Authority needs to determine whether an EIA is required. In this case, an Environmental and Social Impact Assessment (ESIA) is being prepared. The project’s compliance with all applicable EU and national environmental legislation and the Bank’s social standards will be verified during appraisal.
Procurement
The Promoter is a public entity, and should consequently follow open international public procurement procedures. The Bank will require the Promoter to tender contracts for the implementation of the project in accordance with the Bank's guide to procurement, with publication of tender notices in the EU Official Journal, as and where appropriate. The procurement procedures will be monitored by the Bank.
Status
Signed - 25/10/2013