Release date: 28 July 2004
Promoter – Financial Intermediary
Some twenty Transport Organisation Authorities.Location
Description
Financing of the investment programme of some twenty Transport Organisation Authorities with dedicated public transport projects scheduled to be completed by 2007/2008.
Objectives
The purpose of this programme is to promote public transport, thus helping to improve the environment and the quality of life in urban areas. Moreover, it will help to bolster the financial strength of the projects in question by broadening the range of LMT funding made available to the final beneficiaries and by offering them maturities tailored to the useful life of the assets financed.
Comments
Urban public transport.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 500 million.
Total cost (Approximate amount)
EUR 6.8 billion.
Environmental aspects
Urban public transport schemes come under Annex II to Directive 85/337/EEC (amended by Directive 97/11/EEC). Accordingly, it is up to the supervisory authorities to decide to initiate an Environmental Impact Assessment (EIA).
Procurement
Tendering procedures applied by Transport Organisation Authorities are required to comply with Community procurement directives.
Status
Signed - 23/09/2004
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).