Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 49,500,000
    Countries
    Sector(s)
    France : € 49,500,000
    Transport : € 49,500,000
    Signature date(s)
    22/09/2017 : € 49,500,000
    Link to source

    Summary sheet

    Release date
    21 June 2017
    Status
    Reference
    Signed | 22/09/2017
    20170070
    Project name
    Promoter - financial intermediary
    BAI - MONT ST-MICHEL II FINANCING
    Brittany Ferries Group
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    EUR 178 million
    Location
    Sector(s)
    Description
    Objectives

    The project involves the construction of a dual-fuelled passenger/vehicle ferry (which utilises either liquefied natural gas (LNG) or normal marine fuel oils) for the promoter's fleet. It will be constructed and operated to comply with EU & International Maritime Organization (IMO) specifications and regulations and operate under an EU flag. The vessel will be constructed to EU environmental standards and certified for operations within the EU's emission control areas. The ship is scheduled for operations on the promoter's channel route between the UK (Portsmouth) and France (Caen-Ouistreham).

    Promotion of sustainable maritime transport

    Environmental aspects
    Procurement

    The project will contribute to a significant improvement in the environmental performance of the promoter's fleet. The project vessel will be fitted with LNG marine engines and, as such, will significantly reduce the emission of air pollutants including CO2. In addition, the project will improve service quality and increase freight and passenger capacity on the existing promoter's routes in the channel area. Therefore, the project contributes to sustainable transport and climate change mitigation, in line with the Bank's Transport Lending Policy as well as EU and EIB objectives on climate action.

    The promoter is a private company not operating in the utilities sector, and is thus not covered by EU directives on procurement. The promoter has conducted its procurement processes via a number of well-established international ship brokers. Procurement was completed through a negotiated procedure between the ship-owner and a number of European yards. Under these conditions, the procurement procedures followed by the promoter are suitable for the project and satisfactory for the EIB.

    Comments

    This is the first project to be approved for financing under the Bank's Green Shipping Guarantee programme and under the framework agreement signed with Société Générale. It will be structured as a funded risk participation between EIB and Société Générale. The programme benefits from the combined support of the Connecting Europe Facility (CEF) and the European Fund for Strategic Investments (EFSI).

    Related projects
    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

    Environmental and Social Data Sheet (ESDS) - BAI - HONFLEUR FINANCING
    Publication Date
    20 Jul 2017
    Document language
    Main Topic
    Lending
    Document Number
    74677987
    Document Focus
    Environmental Information
    Project Number
    20170070
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    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.

    Media enquiries

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

    Complaints mechanism

    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.

    Related publications