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Signature(s)

Amount
€ 36,715,527.04
Countries
Sector(s)
Czechia : € 36,715,527.04
Transport : € 36,715,527.04
Signature date(s)
1/08/2022 : € 36,715,527.04
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Summary sheet

Release date
15 October 2020
Status
Reference
Signed | 01/08/2022
20200158
Project name
Promoter - financial intermediary
CESKE DRAHY ROLLING STOCK MODERNISATION
CESKE DRAHY AS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
CZK 904 million (EUR 34 million)
CZK 2203 million (EUR 83 million)
Location
Sector(s)
Description
Objectives

Retrofit of around 95 pieces of rolling stock with European Train Control System (ETCS) on-board units, including eight prototypes.

By means of contributing to achieving interoperability of the EU railway system, the project is expected to improve the competitiveness of rail vis à vis other modes of transport, thereby promoting sustainable transport solutions in line with EU objectives and present environmental and safety benefits due to preventing modal shift from rail to road. Furthermore, the rolling stock will provide services predominantly in a Convergence Region, and thereby facilitate regional development.

Environmental aspects
Procurement

The investments proposed under the project do not fall under either Annex I or Annex II of the Environmental Impact Assessment Directive 2011/92/EU as amended by Directive 2014/52/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) 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.

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, Directive 2014/25/EU 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.

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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).

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Alternatively, the EIB can be contacted through its external offices.
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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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