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    Signature(s)

    Amount
    € 180,000,000
    Countries
    Sector(s)
    Finland : € 180,000,000
    Services : € 18,000,000
    Transport : € 162,000,000
    Signature date(s)
    9/06/2016 : € 18,000,000
    9/06/2016 : € 162,000,000

    Summary sheet

    Release date
    27 January 2016
    Status
    Reference
    Signed | 09/06/2016
    20150408
    Project name
    Promoter - financial intermediary
    HELSINKI URBAN TRANSPORTATION II
    HKL - HELSINKI CITY TRANSPORT
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 180 million
    EUR 360 million
    Location
    Sector(s)
    Description
    Objectives

    This is a multi-scheme project included in the investment plan of Helsinki City Transport (HKL). It consists of procurement of tram cars, tram tracks and other tram network-related investments.

    The project will include the reconstruction of existing tram tracks, the tramway rolling stock renewal, and small tramway extensions such as the link to the new terminal in Jätkäsaari and extensions on the western side of the city centre. The investments will improve reliability and performance of the tramway network in the City of Helsinki.

    Environmental aspects
    Procurement

    Finland, as a Member State, is obliged to follow the relevant EU rules in relation to the environmental impact of projects (namely the Strategic Environmental Assessment (SEA), Environmental Impact Assessment (EIA) and Habitat/Natura 2000 Directives). The Bank's appraisal will primarily focus on the promoter's environmental management capacity and on the verification of the correct application of these directives. Requirements under SEA Directive 2001/42/EC will also be examined at this stage.
    Potential schemes might fall under Annex I or II of the EIA Directive (2011/92/EU). Details on environmental aspects of each of the schemes and compliance with the EIA Directive as well as other applicable directives, including Birds and Habitats, will be checked at allocation stage.

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC as well as Directives 89/665/EEC and 92/13/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. The tender for the tram cars was awarded in 2011 following publication in the Official Journal (No 2011/S 146-242270).

    Related projects
    Related sub-project

    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) - HELSINKI URBAN TRANSPORTATION II
    Publication Date
    5 Jul 2016
    Document language
    Main Topic
    Lending
    Document Number
    67490518
    Document Focus
    Environmental Information
    Project Number
    20150408
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - HELSINKI URBAN TRANSPORTATION II
    Publication Date
    27 Aug 2021
    Document language
    Main Topic
    Lending
    Document Number
    142599043
    Document Focus
    Environmental Information
    Project Number
    20150408
    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.

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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 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.

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