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    Signature(s)

    Amount
    € 95,000,000
    Countries
    Sector(s)
    Austria : € 95,000,000
    Transport : € 95,000,000
    Signature date(s)
    28/11/2019 : € 95,000,000
    Link to source

    Summary sheet

    Release date
    4 December 2018
    Status
    Reference
    Signed | 28/11/2019
    20180174
    Project name
    Promoter - financial intermediary
    KARAWANKENTUNNEL ASFINAG
    ASFINAG AUTOBAHNEN- UND SCHNELLSTRASSEN-FINANZIERUNGS AG
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 95 million
    EUR 201 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the refurbishment of the existing tube and construction of a second tube of an 8-km long cross border road tunnel connecting Slovenia with Austria. The project will bring the tunnel into conformity with EU safety standards and add capacity to meet demand.

    This project will lead to increased safety standards, in line with EU requirements, and, in turn, to a reduced likelihood of traffic accidents as well as to reduced waiting times for domestic and cross-country traffic, often significant due to frequent queues on both sides.

    Environmental aspects
    Procurement

    The project is expected to have a positive impact by reducing carbon dioxide (CO2) and pollutants (Nitrogen Oxide - NOx, hydrocarbons and dusts) emitted in the air by queuing vehicles. With regards to the excavation material, landfills have been identified and relevant approvals have been obtained or approval is in progress. The impact is otherwise deemed as minor or moderate (as to e.g. underground water or dust in the air during the construction period) and relevant mitigation measures are foreseen.

    The public procurement tender for the project was published in the Official Journal of the European Union in December 2017 under the number: 2017/S 242-502081. The Bank will confirm during the appraisal that the project has been tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/18/EC, where applicable, as well as Directive 92/13/EEC or Directives 89/665/EEC, as interpreted by the Court of Justice of the EU).

    Link to source
    Other links

    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) - KARAWANKENTUNNEL ASFINAG
    Publication Date
    13 Mar 2019
    Document language
    Main Topic
    Lending
    Document Number
    88027145
    Document Focus
    Environmental Information
    Project Number
    20180174
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links

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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.
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