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    Signature(s)

    Amount
    € 622,950,567.27
    Countries
    Sector(s)
    United Kingdom : € 622,950,567.27
    Transport : € 622,950,567.27
    Signature date(s)
    19/12/2014 : € 301,772,915.88
    27/01/2015 : € 321,177,651.39

    Summary sheet

    Release date
    20 October 2014
    Status
    Reference
    Signed | 19/12/2014
    20140358
    Project name
    Promoter - financial intermediary
    NORTHERN LINE EXTENSION
    GREATER LONDON AUTHORITY / TRANSPORT FOR LONDON
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    GBP 480 million
    GBP 1000 million
    Location
    Sector(s)
    Description
    Objectives

    Extension of the Charing Cross branch of London Underground's Northern Line from Kennington Station to Battersea Power Station.

    The primary aim of the project is to facilitate the sustainable growth and development of the Vauxhall Nine Elms Battersea (VNEB) Opportunity Area, one of the largest urban development areas within London's Central Activities Zone. The project will provide the transport capacity and accessibility that can support high-density development and the delivery of 16,000 new homes and 20,000 to 25,000 new jobs. This level of development would not be achievable without the project.

    Environmental aspects
    Procurement

    The project falls under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU and a full EIA has been completed, including extensive public consultation. This, and whether the schemes were included in a plan or programme that was subject to strategic environmental assessment in accordance with Directive 2001/EC/EC, will be reviewed during appraisal. Compliance with the Habitats Directive 92/43/EEC or Birds Directive 2009/147/EC will also be addressed during appraisal.

    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 or 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. A tender notice for a design and construct contract for the main works was published on 15 March 2013.

    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

    Non-Technical Summary (NTS) - NORTHERN LINE EXTENSION - Environmental Statement - NORTHERN LINE EXTENSION
    Publication Date
    16 May 2016
    Document language
    Main Topic
    Lending
    Document Number
    55583980
    Document Focus
    Environmental Information
    Project Number
    20140358
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - NORTHERN LINE EXTENSION
    Publication Date
    7 Jan 2015
    Document language
    Main Topic
    Lending
    Document Number
    56840002
    Document Focus
    Environmental Information
    Project Number
    20140358
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    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.
    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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    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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