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    Reference: 20040143
    Release date: 30 July 2004

    Promoter – Financial Intermediary

    Docklands Light Railway Limited (DLR Limited). DLR Limited is a private limited company wholly owned by Transport Trading Limited, which is itself owned by Transport for London ("TfL") which is the Greater London Authority's organisation responsible for planning and provision of transport in London.

    Location

    Description

    The Concessionaire will design, build, finance, maintain and make available to DLR Limited the 2.5-km Woolwich Extension (from London City Airport to Woolwich Arsenal) of the Docklands Light Rail for the purposes of DLR Limited operating a revenue-generating passenger train service.

    Objectives

    The project is situated in an objective 2 area: Woolwich has been identified as a major regeneration area within the Thames Gateway to the East of London. The Woolwich area remains a depressed area containing some of the most deprived urban wards in England. Improvements in accessibility will be an important component in its economic regeneration.

    Comments

    Urban Transport.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to 50% of senior debt.

    Total cost (Approximate amount)

    n/a.

    Environmental aspects

    A detailed Environmental Statement has been produced and subjected to scrutiny at the Public Inquiry held in accordance with the Transport and Works Act procedure. The project does not lie within 5 km of any statutorily designated habitat sites. The Order, issued by the Secretary of State in February 2004, constitutes its formal environment approval.

    Procurement

    The tender notice was published in the OJEU on 28/11/2003. DLR Limited issued the invitation to tender to four pre-qualified consortia on 16/04/2004. The bids are due on 01/09/2004 and preferred bidder is expected to be announced in 12/2004. Contract award is foreseen for first semester of 2005.

    Status

    Signed - 31/05/2005

    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).

    Related tags

    United Kingdom Transport