Release date: 24 October 2003
Promoter – Financial Intermediary
Norwegian Public Roads Administration, Directorate of Public Roads (“Vegdirektoratet”), a central government authority for state roads in Norway.Location
Description
The proposed Project concerns the design, construction, finance and operation of a new section of the E39 trunk road between Handeland and Feda, in south-west Norway, and the operation and maintenance of an existing section of the motorway between Lyngdal and Flekkefjord.
Objectives
The Project is expected to create benefits in user cost, time savings and accident reduction. The Project will make the Lyngdal – Flekkefjord section of E39 15 km shorter and thus result in a quicker road connection for trunk traffic and better accessibility for local traffic in the area. At the same time, the development will provide a better residential environment along the existing road.
Comments
Roads.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of senior debt.
Environmental aspects
An impact assessment for E39 Handeland-Feda was approved on 5th April 1995. The status of the EIA and mitigations will be investigated further during appraisal.
Procurement
The Project was advertised in the Official Journal of the European Communities on 10 October 2002 (2002/S 197 – 155614). Four international consortia have been shortlisted and are currently preparing bids.
Status
Signed - 29/04/2004
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).