Release date: 5 October 2004
Promoter – Financial Intermediary
Berliner Verkehrsbetriebe (BVG)Location
Description
The project concerns the modernisation of the urban transport system in Berlin.
Objectives
The project will contribute to improving the quality of service (in terms of speed, comfort and reliability) for public transport users, and will increase the attractiveness of the public transport in Berlin, an assisted area. This will reduce the incentive for private car usage and thereby improve the quality of the urban environment.
Comments
Improvement of the urban environment.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 85m.
Total cost (Approximate amount)
EUR 175m.
Environmental aspects
The acquisition of buses and rolling stock does not fall under the EIA Directive 97/11/EC and no Environmental Impact Assessment is required. The project provides environmental benefits (see above).
Procurement
Procurement procedures applied under the project comply with the relevant EU legislation.
Status
Signed - 21/11/2008
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).