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    Signature(s)

    Amount
    € 1,134,623,021.5
    Countries
    Sector(s)
    United Kingdom : € 1,134,623,021.5
    Transport : € 1,134,623,021.5
    Signature date(s)
    7/09/2009 : € 1,134,623,021.5
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    Summary sheet

    Release date
    8 January 2009
    Status
    Reference
    Signed | 07/09/2009
    20080288
    Project name
    Promoter - financial intermediary
    London Crossrail (TEN)

    Transport for London.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to GBP 1 billion.
    Up to GBP 16 billion.
    Location
    Sector(s)
    Description
    Objectives

    Construction of a 60 km East-West urban railway connecting Central London with some of its main outskirts and with TEN-T nodes of Heathrow Airport and high-speed railway stations of Paddington and Stratford.

    Crossrail, a key element of the development plan for London and the Government’s Transport Plan, will help support and maintain the status of London as a World City by improving its accessibility with public transport, meeting the requirements of business and tourism expansion.

    Environmental aspects
    Procurement

    Given that urban railway projects fall under Annex II of Directive 85/337/EC and subsequent revisions, competent authorities decide on the requirement of an EIA. In the proposed project, a full EIA has been carried out with details to be examined during appraisal (http://billdocuments.crossrail.co.uk/).

    The question of the project being part of a plan or a programme requiring a Strategic Environmental Assessment (SEA) in line with the EU Directive 2001/42/EC will equally be examined during project appraisal.

    The competent authority will be required to confirm also that the Project complies with the requirements of EU nature conservation policy, according to the EU Birds Directive (79/409/EEC) and Habitat Directives (92/43/EEC) and Natura 2000.

    TfL is an organisation that is subject to EU public procurement directives (2004/17/EC and 2004/18/EC). The Bank will require the promoter to ensure that all contracts to be funded by the Bank will be published and let in accordance with EU regulations.

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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).

    News & Stories

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    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.

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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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