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    Signature(s)

    Amount
    € 245,000,000
    Countries
    Sector(s)
    Finland : € 245,000,000
    Transport : € 245,000,000
    Signature date(s)
    1/12/2010 : € 45,000,000
    9/04/2010 : € 200,000,000
    Link to source

    Summary sheet

    Release date
    13 October 2009
    Status
    Reference
    Signed | 09/04/2010
    20080663
    Project name
    Promoter - financial intermediary
    Vantaa Ring Rail Line
    Joint Venture between the Finnish Railway Administration (RHK), Vantaan Kaupunki (City of Vantaa) and Finavia
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 230 million
    Up to EUR 600 million
    Location
    Sector(s)
    Description
    Objectives

    Construction of a circular rail route between the Helsinki Metropolitan Area and the Helsinki-Vantaa Airport. The Ring Rail Line will be a 2-track passenger line of 18 km, of which 8 km will run in 2 separate tunnels under the airport area.

    The Ring Rail Line project has been deemed the most urgent infrastructure project by the Finnish State and the Helsinki Metropolitan Area. It will supplement the existing public transport network and open a rail connection to the airport. The rail line will also open up new possibilities for land development in the vicinity of the rail line.

    Environmental aspects
    Procurement

    The project falls under Annex I of the EIA Directive 85/337/EEC, as amended by Directives 97/11/EC and 2003/35/EC. An EIA is mandatory for the proposed investment and the promoter has advised that an EIA was undertaken in 2001 and environmental permits have been granted. The Bank will review the EIA process adopted to date to confirm that it complies with applicable domestic legislation, the EU Directives and any relevant international conventions to which Finland is party.

    The construction works and associated supervision are to be procured through appropriate tender procedures in keeping with EU and National legislation. The project will be tendered via several smaller lots, which are to be procured separately. Bidding is commencing in mid-2009.

    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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