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Signature(s)

Amount
€ 60,000,000
Countries
Sector(s)
Germany : € 60,000,000
Transport : € 60,000,000
Signature date(s)
24/09/2021 : € 60,000,000
Link to source

Summary sheet

Release date
22 January 2021
Status
Reference
Signed | 24/09/2021
20200173
Project name
Promoter - financial intermediary
STUTTGART ROLLING STOCK ERTMS RETROFIT
DB REGIO AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 60 million
EUR 190 million
Location
Sector(s)
Description
Objectives

The project consists of retrofitting around 215 trainsets used for suburban rail services (S-Bahn) in the Stuttgart Region with European Railway Traffic Management System (ERTMS) and Automatic Train Operation (ATO) equipment.

The objective of the project is to improve urban rail services in Stuttgart through the installation of ERTMS equipment.

Additionality and Impact

The project consists of the retrofitting of 215 trainsets used for the Stuttgart suburban rail service (S-Bahn) with European Rail Traffic Management System (ERTMS) and Automatic Train Operation (ATO) equipment. This will allow shorter train headway and by this means an increase in the infrastructure capacity and supply for rail services, facilitating access to jobs, education and public services. The project will also contribute to modal shift from road to rail bringing the associated benefits in terms of transport safety, energy savings, reduction of air pollution and CO2 emissions. 142 million passengers per year (2027) are expected to directly benefit from the project. The Bank's loan approval is expected to allow DB Regio to apply for grant funds for the project under the European Commission's CEF Transport Blending Facility. Through its role as an Implementing Partner under this grant facility, the Bank plays an important role in mobilizing additional public funding for the investment. Furthermore, the loan provides some Financial Value Added as well as flexible drawdown options.

Environmental aspects
Procurement

The project consists of the retrofitting of rolling stock, an activity that is out of the scope of the Environmental Impact Assessment Directive (2014/52/EU amending 2011/92/EU), the Habitats Directive (92/43/EEC) and Birds Directive (2009/147/EC). The need for an EIA and/or assessment according to the Habitats Directive for associated facilities (e.g. maintenance workshops or depots) and arrangements for the scrapping of dismissed rolling stock will be assessed during appraisal. The project will promote a modal shift from road to rail and, therefore, generate environmental and safety benefits.

The Bank will require the Promoter to ensure that contracts for the implementation of the project will be 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.

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) - STUTTGART ROLLING STOCK ERTMS RETROFIT
Publication Date
31 Mar 2021
Document language
Main Topic
Lending
Document Number
129188771
Document Focus
Environmental Information
Project Number
20200173
Sector(s)
Regions
Countries
Publicly available
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