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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
Link to source

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.

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).

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
Environmental and Social Completion Sheet (ESCS) - NORTHERN LINE EXTENSION
Publication Date
20 Dec 2022
Document language
Main Topic
Lending
Document Number
157373494
Document Focus
Environmental Information
Project Number
20140358
Sector(s)
Regions
Countries
Publicly available
Download now

News & Stories

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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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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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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