Release date: 30 November 2004
Promoter – Financial Intermediary
Società del Patrimonio per la Mobilità Veneziana SpALocation
Description
The project consists of the construction of two tramway lines:
- Favaro-Mestre-Venice, 14 km length.
- Mestre - Marghera, 6 km length.
It includes a depot in Favaro and the acquisition of rolling stock.
Objectives
The project aims at improving the quality of the public transport system and reducing traffic congestion in the Venice metropolitan area.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 54 m
Total cost (Approximate amount)
EUR 156 m
Environmental aspects
During the operational phase the project is expected to reduce the environmental pollution and noise levels caused by cars and buses. To address potential environmental aspects during the construction phase, an EIA has been conducted and will be checked during appraisal.
Procurement
The Promoter has tendered the contracts for the implementation of the project in accordance with the relevant EU procurement legislation, with parallel publication of tender notices in the EC Official Journal, as and where appropriate.
Status
Signed - 25/05/2005
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).