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Signature(s)

Amount
€ 233,699,462.5
Countries
Sector(s)
United Kingdom : € 233,699,462.5
Transport : € 233,699,462.5
Signature date(s)
6/12/2011 : € 116,849,731.25
6/12/2011 : € 116,849,731.25
Link to source

Summary sheet

Release date
15 October 2009
Status
Reference
Signed | 06/12/2011
20090425
Project name
Promoter - financial intermediary
London Gateway Port
London Gateway Port Ltd.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 300 million
Approximately GBP 1.5 bn (Full development)
Location
Sector(s)
Description
Objectives

First phase of development of a deep-water port for super-post-Panamax container vessels. The port’s first phase will provide three berths through 1,255metres of quay development.

The project is expected to improve the intermodal efficiency of the UK national freight distribution, reducing total land transport costs and increasing the modal share of rail and short-sea coastal shipping.

Environmental aspects
Procurement

The project falls under Annex I of Directive 97/11/EC, requiring a full EIA which was carried out between 2002-2008, including extensive environmental impact studies and a Public Inquiry.

The Outline Planning Permission for the London Gateway development, covering the works within the jurisdiction of local planning authorities, was granted by the Department for Communities and Local Government on 30 May 2007, and the consent application for port development, the London Gateway Harbour Empowerment Order (HEO) 2008, was issued by the Department for Transport on 2 May 2008.

EIA and biodiversity assessment requirements and status for the project will be checked during appraisal.

London Gateway Port Ltd. is a contracting authority within the meaning of Directive 2004/17/EC of 31 March 2004.

The Bank will require the Promoter to ensure that all contracts for the implementation of the project have been/shall be tendered in accordance with the above procurement legislation, with parallel publication of tender notices in the EU Official Journal, as and where appropriate.

Procurement procedures and status for the various project components will be checked during appraisal.

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).

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.

Media enquiries

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 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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