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    Signature(s)

    Amount
    € 390,930,414.39
    Countries
    Sector(s)
    United Kingdom : € 390,930,414.39
    Transport : € 390,930,414.39
    Signature date(s)
    17/12/2002 : € 390,930,414.39
    Link to source

    Summary sheet

    Release date
    28 May 2002
    Status
    Reference
    Signed | 17/12/2002
    20010590
    Project name
    Promoter - financial intermediary
    BAA Heathrow Terminal Five

    BAA plc
    130 Wilton Road London SW1V 1LQ
    United Kingdom
    Contact Point: Kim Holdsworth

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to GBP 250 million
    n.a.
    Location
    Sector(s)
    Description
    Objectives

    The project comprises design, construction and commissioning of a fifth passenger terminal and associated airside, road and rail infrastructure at London Heathrow Airport. The new terminal will increase capacity at Heathrow by 30 million to about 90 million passengers per year.

    London Heathrow airport is the main gateway to London and the UK. EIB investment in the project will contribute directly to relieving congestion in the existing Heathrow infrastructure, and more widely to maintaining London's position as a major economic and financial centre. It will help to attract and maintain inward investment in the whole of the UK. The project will significantly increase the passenger throughput capacity of Heathrow, helping the airport to meet proven demand from existing operators and future traffic growth.

    Environmental aspects
    Procurement

    The project is classified under Annex I of Council Directive 85/337 as amended by Directive 97/11 EC, thus requiring a formal EIA process. Assessment of environmental impacts and discussion of potential mitigation packages formed part of the Planning Inquiry.

    BAA systematically adopts international competitive bidding procedures for all types of contracts concerned (construction, equipment, services) in line with EU directives on procurement.

    Comments

    Airports and air traffic management systems

    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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