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    Signature(s)

    Amount
    € 112,163,509.44
    Countries
    Sector(s)
    Norway : € 112,163,509.44
    Transport : € 112,163,509.44
    Signature date(s)
    15/03/2006 : € 112,163,509.44

    Summary sheet

    Release date
    9 November 2005
    Status
    Reference
    Signed | 15/03/2006
    20050114
    Project name
    Promoter - financial intermediary
    E18 Oestfold Motorway (EFTA)
    • Norwegian Public Roads Administration, Section East
      Postboks 1010 Skurva,
      N-2605 Lillehammer,
      Norway
      Mr. Thorer LIE, Head of E18
      Tel.: +47 69 24 35 89 or +47 918 44 991
    • Oestfold bompengeselskap AS
      Postboks 593
      N-1501 Moss, Norway
      Mr. Thorleif HAUG, Managing Director
      Tel.: +47 952 47 712
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Approximately up to EUR 115 million (equivalent to NOK 900 million)
    Approximately up to EUR 385 million (equivalent to NOK 3,000 million)
    Location
    Sector(s)
    Description
    Objectives

    The proposed project concerns the construction of two new road sections of the E18 Eastern corridor in Oestfold County, southeast of Oslo, a 2-lane dual carriageway section between Akershus county border and Momarken and a 2-lane single carriageway road section between Momarken and Oerje. The E18 is one of the most important trunk roads in southern Norway and of major importance in linking the capital of Oslo with Kristiansand on the Western stretch and with Stockholm on the Eastern stretch.

    The project would be a further operation on transport corridors between Norway and EU following previous roads projects including sections on the E6, E18 and in the Oslo area. The project is expected to improve safety and reduce the number of accidents as well as to reduce vehicle operating costs and provide time saving to the users.

    Environmental aspects
    Procurement

    EU Directives on the environment, including Environmental Impact Assessment (85/337/EEC, Annex 1), are applicable in Norway under the European Economic Area (EEA) Agreement. The procedures followed for the project schemes will be investigated during appraisal.

    The tender process is in line with EU Directives (implemented under the EEA Agreement) and the procurement arrangements will be reviewed during project appraisal.

    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).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    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.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Complaints mechanism

    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.

    Zero tolerance against fraud and corruption

    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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