Release date: 6 October 2006
Promoter – Financial Intermediary
Pays de la Loire Region.Location
Description
Acquisition of rolling stock for the Regional Express Train (TER) lines of the Pays de la Loire Region.
Objectives
To promote non-polluting regional transport and contribute to regional development and improving the quality of life.
Sector(s)
Proposed EIB finance (Approximate amount)
Around EUR 130 million.
Total cost (Approximate amount)
Around EUR 260 million.
Environmental aspects
The purchase of new rolling stock to replace old equipment will help to make rail transport more attractive than road transport and therefore lessen the number of accidents. This improvement should also help to reduce pollution by diverting traffic from road to rail and to contribute to the development of a sustainable transport system in the region.
Procurement
The Pays de la Loire region is an organisation subject to EU procurement directives. All contracts financed by the Bank will be awarded in accordance with the provisions of European Union law.
Status
Signed - 24/11/2006