Release date: 8 May 2002
Promoter – Financial Intermediary
Companhia Carris de Ferro de Lisboa S.A.Location
Description
The project concerns the promoter's investment programme for the period 2002-2006, including renewal of bus and tramway fleets, modernisation of ancillary transport infrastructure, new maintenance equipment and facilities, revamping of social and administrative premises and upgrading of management information systems.
Objectives
Modernisation of the public transport infrastructure in the city of Lisbon, contributing to improve availability and service levels, discourage private car usage and reduce traffic congestion.
Sector(s)
Proposed EIB finance (Approximate amount)
In the order of EUR 60 million
Total cost (Approximate amount)
Estimated at around EUR 120 million
Environmental aspects
The acquisition of modern and environmentally friendly transportation equipment by Carris will contribute to discourage reliance on private car usage in the Lisbon centre and to reducing hazardous gas emissions and noise levels, therefore having a general positive impact on the urban environment.
Procurement
Award of works, equipment supply and services contracts will follow market practice under open competition in compliance with national and EU legislation.
Status
Signed - 18/12/2003
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).