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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Finland : € 50,000,000
    Transport : € 50,000,000
    Signature date(s)
    28/06/2016 : € 50,000,000

    Summary sheet

    Release date
    16 October 2015
    Status
    Reference
    Signed | 28/06/2016
    20150428
    Project name
    Promoter - financial intermediary
    FINNLINES ENVIRONMENTAL RETROFIT
    FINNLINES OYJ
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    EUR 118 million
    Location
    Sector(s)
    Description
    Objectives

    The project involves the retrofitting of sulphur oxide (SOx) "scrubbers" to the promoter's fleet as well as propeller re-bladings of six vessels.

    The scrubber retrofits are being performed in order that the promoter's vessels comply with the EU Sulphur Directive which restricts vessels operating in EU sulphur emission areas (SECAs) from emitting more than 0.1% sulphur in their exhaust gases from January 2015. The re-bladings are designed to increase propulsion efficiency and thereby decrease fuel consumption and emissions.

    Environmental aspects
    Procurement

    The project concerns the sulphur scrubber and re-blading retrofits of roll-on/roll-off passenger/freight (ro-pax) and roll-on/roll-off freight (ro-ro) vessels and does not require an environmental impact assessment (EIA) under Annex II of Directive 2011/92/EC. Any potential environmental issues will be investigated during the project's appraisal.

    The promoter is a private company which is not operating in the utilities sector, and is thus not covered by EU directives on procurement. The Bank will, however, review the promoter's processes during the project's due diligence.

    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) - FINNLINES ENVIRONMENTAL RETROFIT
    Publication Date
    5 Feb 2016
    Document language
    Main Topic
    Lending
    Document Number
    62644854
    Document Focus
    Environmental Information
    Project Number
    20150428
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - FINNLINES ENVIRONMENTAL RETROFIT
    Publication Date
    1 Jan 2019
    Document language
    Main Topic
    Lending
    Document Number
    85755311
    Document Focus
    Environmental Information
    Project Number
    20150428
    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.
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