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Signature(s)

Amount
€ 33,000,000
Countries
Sector(s)
Luxembourg : € 33,000,000
Transport : € 33,000,000
Signature date(s)
12/06/2009 : € 33,000,000
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Summary sheet

Release date
25 July 2008
Status
Reference
Signed | 12/06/2009
20080216
Project name
Promoter - financial intermediary
AAE European Railfreight
AAE Cargo AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 120 million.
EUR 300 million.
Location
Sector(s)
Description
Objectives

The project concerns the acquisition of a fleet of some 5,000 new rail freight wagons.

This new fleet will complement AAE's existing fleet of rail freight wagons of approximately 25,000 wagons.

Environmental aspects
Procurement

The provision of improved rail freight services is expected to attract freight transport away from the roads. This would be environmentally beneficial as it reduces energy consumption, road congestion, noise and pollution and increases transport safety. The project should not have a negative impact on the environment.

The promoter is a privately owned company which leases its wagons to companies in the EU and CEE. As a private company, AAE is not subject to EU procurement directives.

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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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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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