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Signature(s)

Amount
€ 90,000,000
Countries
Sector(s)
Portugal : € 90,000,000
Transport : € 90,000,000
Signature date(s)
25/10/2005 : € 30,000,000
18/12/2003 : € 60,000,000
Link to source
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Summary sheet

Release date
8 May 2002
Status
Reference
Signed | 18/12/2003
20020150
Project name
Promoter - financial intermediary
Carris Transportes Urbanos de Lisboa
Companhia Carris de Ferro de Lisboa S.A.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
In the order of EUR 60 million
Estimated at around EUR 120 million
Location
Sector(s)
Description
Objectives

The project concerns the promoter's investment programme for the period 2002-2006, including renewal of bus and tramway fleets, modernisation of ancillary transport infrastructure, new maintenance equipment and facilities, revamping of social and administrative premises and upgrading of management information systems.

Modernisation of the public transport infrastructure in the city of Lisbon, contributing to improve availability and service levels, discourage private car usage and reduce traffic congestion.

Environmental aspects
Procurement

The acquisition of modern and environmentally friendly transportation equipment by Carris will contribute to discourage reliance on private car usage in the Lisbon centre and to reducing hazardous gas emissions and noise levels, therefore having a general positive impact on the urban environment.

Award of works, equipment supply and services contracts will follow market practice under open competition in compliance with national and EU legislation.

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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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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