Release date: 9 May 2006
Promoter – Financial Intermediary
Nord-Ostsee BahnLocation
Description
The project consists of the acquisition of rolling stock (90 cars and 4 electrified locomotives) for a train connection between Hamburg and the island of Sylt to be operated by Nord Ostsee Bahn/Connex. Delivery of the assets will be between yearend 2005 and 2006.
Objectives
The project will improve the attractiveness of regional passenger railway transport between Hamburg and Westerland/Sylt. The rail service would to a large extent cover an assisted area since both the northern part of the area served and parts of Hamburg are Objective 2 areas.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 60 million.
Total cost (Approximate amount)
EUR 120 million.
Environmental aspects
The project does not fall under EU Directive 97/11/EC. Rolling stock currently used (by DB AG) on the line is expected to be cascaded to other services.
Procurement
The tender for the concession underlying the project was published in the EU Official Journal in June 2002. NOB was selected in 2003 as result of a competitive process after 3 bids were received. After negotiations with the manufacturer Talgo, NOB opted for Bombardier as manufacturer of the rolling stock.
Status
Signed - 18/12/2006
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).