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Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Italy : € 250,000,000
Transport : € 250,000,000
Signature date(s)
30/06/2015 : € 30,000,000
20/12/2012 : € 220,000,000
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Summary sheet

Release date
17 May 2011
Status
Reference
Signed | 20/12/2012
20100271
Project name
Promoter - financial intermediary
ATM Rinnovo Materiale Rotabile

Azienda Trasporti Milanesi S.p.A.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 200 million
Up to EUR 600 million
Location
Sector(s)
Description
Objectives

The project consists in the renewal of the metro fleet of ATM. In particular, the project includes the acquisition of up to 60 new metro trains that will replace part of the existing rolling stock currently operated on lines 1 and 2 of Milan’s metro network.

The new trains will be fully compatible with the most advanced systems for automatic operation; coupled with other investments on the signalling and power supply systems currently ongoing on line 1 and planned on line 2, the project will allow an increase in the passenger service capacity that would not otherwise be possible with the existing rolling stock.

The project will improve the quality of public transport services in terms of speed, comfort, availability and reliability. The project will increase the attractiveness of public transport in the congested urban area of Milan, contribute to reduced reliance on private cars and improve the quality of the urban environment. The use of regenerating braking systems will allow for an increase in energy efficiency, thus contributing to tackling climate change.

Environmental aspects
Procurement

The construction of the new rolling stock will take place in the manufacturer’s plants and does not fall within the scope of Directive 85/337/EEC (as subsequently amended), therefore no EIA is required for the project.

The Promoter is subject to and follows EU Directives (2004/18/EC and 2004/17/EC) on procurement, including publication in the Official Journal of the European Union. All contracts will have to go through public tendering in compliance with European legislation. Under these conditions, the procedures chosen by the Promoter are suitable for the project and in line with the Bank’s requirements. Application of EU legislation will be reviewed by the Bank’s services during appraisal.

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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.

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 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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