Release date: 17 January 2003
Promoter – Financial Intermediary
Österreichische Bundesbahnen (ÖBB) represented by the Transport Operations DivisionLocation
Description
The Logistic Center Linz (LCL) will be part of a larger redevelopment scheme of existing railway facilities in the city of Linz in Upper Austria, which is an important crossroads between Trans-European corridors in East-West and North-South directions. It will create a state-of-the-art facility for the handling and storage of itemized freight, with excellent rail and road connections, integrated into the domestic 24-hour-delivery network operated by Rail Cargo Austria.
Objectives
The LCL replaces outdated existing facilities within Linz and neighbouring cities, which can no longer cope with market requirements. Thus, the new LCL facilities are crucial to maintain or increase the share of rail in the segment of itemized goods traffic.
Sector(s)
Proposed EIB finance (Approximate amount)
About EUR 60 million.
Total cost (Approximate amount)
About EUR 130 million.
Environmental aspects
The project is subject to Annex II of EU Directive 97/11. Appraisal will verify that it has received all environmental approvals.
Procurement
OBB has published or will publish all works and services related to the project implementation in full compliance with both national and EU legislation, which will be verified during appraisal. Under these conditions, the procurement procedures followed by the promoter are suitable to the project and satisfactory to the Bank.
Status
Signed - 17/07/2003
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).