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Signature(s)

Amount
€ 390,000,000
Countries
Sector(s)
France : € 390,000,000
Transport : € 390,000,000
Signature date(s)
21/05/2021 : € 150,000,000
16/12/2020 : € 240,000,000
Link to source

Summary sheet

Release date
1 October 2020
Status
Reference
Signed | 16/12/2020
20190481
Project name
Promoter - financial intermediary
REGION GRAND-EST MATERIEL ROULANT
REGION GRAND EST
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 390 million
EUR 489 million
Location
Sector(s)
Description
Objectives

Purchase of 30 Bi-mode Multiple Units (BMUs) for cross-border regional services between the Grand Est Region in France and Germany as well as 9 BMUs for regional connections within the Grand Est Region. Rolling stock will be capable of operating on both electrified and non-electrified lines and will be used for regional connections under a public service contract.

The project should improve the quality and increase the offer of regional and international passenger rail services in the Grand Est Region as well as German Lands and Saarland, Rhineland-Palatinate and Baden-Württemberg. The project will promote sustainable transport as it fosters modal shift from the road and therefore contributes to the reduction of CO2 emissions and pollution levels within the regional urban agglomerations, and will therefore contribute towards the EIB's volume target commitment to climate action. The impact on modal share would also improve transport safety. Some of the rolling stock is expected to be used in a transition region (Lorraine).

Environmental aspects
Procurement

The investment proposed under the project do not fall under either Annex I or Annex II of the Environmental Impact Assessment Directive 2014/52/EU amending Directive 2011/92/EU, as manufacturing and use of rail rolling stock is not included in either list. The need for an environmental impact assessment (EIA) and/or assessment according to the Habitats Directive for associated facilities (e.g. maintenance workshops or depots) as well as the arrangements for the scrapping of the replaced rolling stock will be analysed during the appraisal. All else equal, the project is expected to have a positive environmental impact by helping the railways to maintain modal share in key sections of the passenger market that are most appropriately met by rail. In addition, the arrangements for the scrapping of the replaced stock will be checked during appraisal (if applicable).

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation which were applicable at the time of procurement procedure: 2004/17/EC, as well as Directive 92/13/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.

Link to source
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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) - REGION GRAND-EST MATERIEL ROULANT
Publication Date
26 Nov 2020
Document language
Main Topic
Lending
Document Number
94842506
Document Focus
Environmental Information
Project Number
20190481
Sector(s)
Regions
Countries
Publicly available
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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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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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