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    Signature(s)

    Amount
    € 447,752,840.43
    Countries
    Sector(s)
    United Kingdom : € 447,752,840.43
    Transport : € 447,752,840.43
    Signature date(s)
    20/05/2009 : € 207,085,688.7
    20/05/2009 : € 240,667,151.73
    Link to source
    Data sheet

    Summary sheet

    Release date
    24 September 2007
    Status
    Reference
    Signed | 20/05/2009
    20060295
    Project name
    Promoter - financial intermediary
    M25 Widening

    Highways Agency

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to GBP 500 million.
    Approximately GBP 2 billion.
    Location
    Sector(s)
    Description
    Objectives

    The project involves widening approximately 100km of the M25 from 3 to 4 lanes and operating and maintaining the entire project road as well as a substantial portion of the existing network throughout the period of the Concession.

    Much of the M25 is significantly congested at peak times, during maintenance or after incidents. The proposed upgrading works aim to add new capacity and provide other improvements to the existing road network.

    Environmental aspects
    Procurement

    The planned upgrading works within the DBFO contract fall within Annex I of the Directive 85/337/EEC on environmental assessment as amended by 97/11/EC and 2003/35/EC.

    Procurement of the DBFO operator will be conducted in accordance with Public Works Contracts Regulations 1991 which implement the Public Works Contracts Directive 93/37/EC . Procurement will be undertaken using the restricted procedure after open tender. The contract will be awarded using the negotiated procedure as prescribed in the regulations.

    Link to source
    Summary sheet

    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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