Search EN menu en EIB GROUP CLIENT PORTAL
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 70,000,000
    Countries
    Sector(s)
    Finland : € 35,000,000
    Sweden : € 35,000,000
    Transport : € 70,000,000
    Signature date(s)
    20/06/2019 : € 35,000,000
    20/06/2019 : € 35,000,000

    Summary sheet

    Release date
    18 February 2019
    Status
    Reference
    Signed | 20/06/2019
    20170368
    Project name
    Promoter - financial intermediary
    MIDWAY ALIGNMENT VAASA UMEA FERRY
    UMEAA KOMMUN,VAASAN KAUPUNKI
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 70 million
    EUR 153 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the construction of a new passenger (RoPax) ferry to replace the existing one currently used to connect the cities of Vaasa (Finland) and Umea (Sweden). The new vessel will be equipped with a dual-fuel liquid natural gas/biogas (LNG/LBG) and marine diesel engine, an electric propulsion system, an optimised hull design and other similar energy efficiency features that improve significantly its environmental performance compared to the existing vessel. The project also involves small scale port infrastructure works for the adaptation of the berths required for the reception of the new ferry at the ports of Vaasa and Umea.

    The ferry link is an essential part of the Midway Alignment of the core network (EU Freight Corridors), both road and railway, in the Bothnian Gulf region. The Midway Alignment also represents , a "shortcut" in the Bothnian Gulf, a link which makes it possible both for goods an people to reduce their travel efforts , costs and environmental impactThe project will help to maintain and improve the public transport service on the Kvarken corridor ferry between Umeå, Sweden and Vaasa, Finland. By improving service quality and increasing freight capacity it will contribute to maintaining public transport competitiveness and attractiveness, and promote a shift towards a modern green ferry to improve commuting and mobility in the region, as an alternative to air and road travel.

    Environmental aspects
    Procurement

    The project will contribute to the development of a sustainable transport system for passengers and wheeled cargo and is therefore eligible under Article 309 point (c) "common interest", of the Treaty on the Functioning of the EU. Furthermore, the project is in line with the EIB policy on Climate Change, falling into the category of Sustainable Transport. The project thus contributes to sustainable transport, in line with the Bank's Transport Lending Policy, as well as climate change mitigation in line with the EIB Climate Strategy. The new vessel falls outside the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the EIA Directive 2011/92/EU. The status of any environmental studies and public consultations related to port infrastructure and compliance with the relevant EU Directives will be verified during appraisal: EU EIA Directive 2014/52/EU amending Directive 2011/92/EU, EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC.

    The EIB will require the Promoter to ensure that contracts for the implementation of the project have been / will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/23/EU / 2014/24/EU or 2004/18/EC, where applicable, as well Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    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) - MIDWAY ALIGNMENT VAASA UMEA FERRY
    Publication Date
    14 May 2019
    Document language
    Main Topic
    Lending
    Document Number
    90085852
    Document Focus
    Environmental Information
    Project Number
    20170368
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - MIDWAY ALIGNMENT VAASA UMEA FERRY
    Publication Date
    27 Jul 2023
    Document language
    Main Topic
    Lending
    Document Number
    160260100
    Document Focus
    Environmental Information
    Project Number
    20170368
    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.

    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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

    Related publications