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Signature(s)

Amount
€ 222,743,259.09
Countries
Sector(s)
United Kingdom : € 222,743,259.09
Transport : € 222,743,259.09
Signature date(s)
29/12/2016 : € 222,743,259.09
Link to source

Summary sheet

Release date
15 March 2016
Status
Reference
Signed | 29/12/2016
20120256
Project name
Promoter - financial intermediary
MERSEYTRAVEL ROLLING STOCK PROGRAMME
MERSEYTRAVEL
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 245 million (GBP 190 million)
EUR 516 million (GBP 400 million)
Location
Sector(s)
Description
Objectives

The project consists of the acquisition of electrically powered rolling stock for use on Merseytravel's network in Merseyside, Cheshire and West Lancashire in the northwest of England together with associated upgrades to the railway's infrastructure and maintenance depots.

Merseytravel wishes to procure a new fleet which will be in service by the early 2020s. The project will contribute to the continuation, improvement and development of reliable high quality public transport services in Merseyside, Cheshire and West Lancashire and encourage modal shift away from road transport promoting time, vehicle operating cost and safety benefits.

Environmental aspects
Procurement

Manufacture of rail rolling stock doesn't fall under either Annex I or Annex II of the Environmental Impact Assessment Directive 2011/92/EU. Compliance with EU legislation and the environmental impact of the project will be examined during the project appraisal. The project helps to reduce reliance on private cars and the negative impact of transport on the environment, thus contributing to climate change objectives.

The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (in this case Directive 2004/18/EC and Directive 2007/66/EC (amending Directives 1989/665/EEC and 1992/13/EEC)), with publication of tender notices in the EU Official Journal, as and where required.

Link to source
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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).

Documents

Environmental and Social Data Sheet (ESDS) - MERSEYTRAVEL ROLLING STOCK
Publication Date
9 Jun 2016
Document language
Main Topic
Lending
Document Number
66916957
Document Focus
Environmental Information
Project Number
20120256
Sector(s)
Regions
Countries
Publicly available
Download now

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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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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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