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    Signature(s)

    Amount
    € 250,000,000
    Countries
    Sector(s)
    Finland : € 250,000,000
    Transport : € 250,000,000
    Signature date(s)
    21/10/2011 : € 250,000,000
    Link to source

    Summary sheet

    Release date
    1 March 2011
    Status
    Reference
    Signed | 21/10/2011
    20100013
    Project name
    Promoter - financial intermediary
    Helsinki Urban Transportation

    City of Helsinki / Helsinki City Transport

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 250 million
    Approximately EUR 525 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of Helsinki City Transport’s (HKL) investments for the period 2010-2015, including the automation of the signalling system of the metro, acquisition of metro rolling stock and low floor tram cars, renewal of the metro rolling stock depot and the implementation of the Jokeri 2 bus line.

    The project aims to enhance the public transport system and move towards a more environmentally and financially sustainable transport system in the City of Helsinki. The project will improve the quality of public transport service and will increase the attractiveness of public transport in the urban area.

    Environmental aspects
    Procurement

    Some project components are likely to fall under Annex II of Directive 85/337/EEC (as subsequently amended) and a formal EIA might be required. However, the construction of new rolling stock and metro automation do not fall within the scope of the EU Directive, therefore no EIA is required.

    The Promoter is subject to and follows EU procurement procedures, including publication in the EU Official Journal (in this particular case, Directive 2004/17/CE). All contracts over the relevant EC directive thresholds have been/will be put out to international tendering, with publication of notices in the OJEU.

    Link to source

    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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