Release date: 13 March 2025
Promoter – Financial Intermediary
FREISTAAT BAYERNLocation
Description
The operation is the second Lending Envelope for the acquisition of new railway rolling stock, related maintenance infrastructure and equipment to operate regional rail passenger services in several areas in Germany under public service contracts, using project finance structures.
Objectives
The aim is to increase the supply and quality of the passenger transport services aswell as promote travel by rail, thus reducing the use of road transport and the associated negative impacts on the local environment, road safety and greenhouse gas emissions. In line with the EU objectives, the project promotes sustainable transport.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 1250 million
Total cost (Approximate amount)
EUR 2500 million
Environmental aspects
The project consists of the acquisition of new rolling stock. Acquisition of rollingstock is out of the scope of the Environmental Impact Assessment (EIA) Directive(2011/92/EU as amended by 2014/52/EU), the Habitats Directive (92/43/EEC) and Birds Directive (2009/147/EC). By promoting the modal shift from road to rail, the project will generate environmental benefits.
Procurement
The promoter shall ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU, as well as Directive 89/665/EEC, as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.
Status
Approved - 15/05/2025