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    Signature(s)

    Amount
    € 220,000,000
    Countries
    Sector(s)
    Finland : € 220,000,000
    Transport : € 220,000,000
    Signature date(s)
    25/04/2018 : € 48,400,000
    4/06/2018 : € 171,600,000

    Summary sheet

    Release date
    3 February 2017
    Status
    Reference
    Signed | 12/04/2018
    20160838
    Project name
    Promoter - financial intermediary
    JOKERI LIGHT RAIL LINE
    CITY OF HELSINKI, CITY OF ESPOO
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 220 million
    EUR 480 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the construction of the Jokeri light rail line in the cities of Helsinki and Espoo in Finland and the acquisition of related rolling stock

    The operation will improve the quality of public transport services in terms of speed, comfort, availability and reliability and will increase the attractiveness of public transport in both cities concerned. This improvement contributes to keeping public transport competitive compared to private cars, with associated positive benefits in terms of the environmental and economic sustainability of the cities. The project is thus expected to improve the quality of the urban environment.

    Environmental aspects
    Procurement

    The project falls under Annex II of Directive 2011/92/EU, as amended by 2014/52/EU (if applicable), according to which the need for an environmental impact assessment (EIA) is decided on a case-by-case basis by the competent authority. Environmental aspects, including nature conservation, as well as compliance with applicable directives, will be checked and further analysed during appraisal.

    The Bank will require the promoter to ensure that contracts for the implementation of the project are tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/24/EU or 2014/25/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    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) - JOKERI LIGHT RAIL LINE
    Publication Date
    3 Oct 2017
    Document language
    Main Topic
    Lending
    Document Number
    75274778
    Document Focus
    Environmental Information
    Project Number
    20160838
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    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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    Complaints mechanism

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    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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