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    Signature(s)

    Amount
    € 162,651,478.75
    Countries
    Sector(s)
    United Kingdom : € 162,651,478.75
    Transport : € 162,651,478.75
    Signature date(s)
    7/05/2013 : € 53,298,590.55
    23/10/2014 : € 109,352,888.2

    Summary sheet

    Release date
    19 February 2013
    Status
    Reference
    Signed | 07/05/2013
    20120645
    Project name
    Promoter - financial intermediary
    LONDON OVERGROUND CAPACITY IMPROVEMENT
    TRANSPORT FOR LONDON
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    GBP 130 million (EUR 154 million)
    GBP 282 million (EUR 334 million)
    Location
    Sector(s)
    Description
    Objectives

    Addition of up to 65 cars to the existing rolling stock fleet to provide for 5-car unit train services on the London Overground lines as well as infrastructure improvements on the network for capacity enhancements.

    The project will increase the efficiency and quality of public transport services in Greater London. By facilitating the improvement of the level of service, principally by reducing the level of peak hour crowding, the project is expected to contribute to encouraging modal shift away from road transport promoting time, vehicle operating cost and safety benefits.

    Environmental aspects
    Procurement

    Manufacturing of rail rolling stock doesn’t fall under the EIA directive 2011/92/EU. Some of the schemes will be related to improved public transport infrastructures and therefore might fall under Annex II, according to which authorities decide on a case-by-case basis whether EIA has to be carried out or not. Full details on EIA and Natura 2000 issues will be checked at appraisal stage. The project contributes to reducing reliance on private cars and negative impact of transport on the environment, thus contributing to climate change objectives.

    The promoter is a public entity subject to EU public procurement regulations. 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 (Directive 2004/17/EC and 2004/18/EC) with parallel publication of tender notices in the EU Official Journal, as and where appropriate. All the details will be checked at appraisal stage.

    Comments

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - LONDON OVERGROUND CAPACITY IMPROVEMENT
    Publication Date
    2 Jan 2014
    Document language
    Main Topic
    Lending
    Document Number
    47559642
    Document Focus
    Environmental Information
    Project Number
    20120645
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - LONDON OVERGROUND CAPACITY IMPROVEMENT
    Publication Date
    9 Oct 2017
    Document language
    Main Topic
    Lending
    Document Number
    76859362
    Document Focus
    Environmental Information
    Project Number
    20120645
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    General enquiries and comments

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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.
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    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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