Release date: 4 August 2005
Promoter – Financial Intermediary
Trenitalia S.p.ALocation
Description
The project concerns the enhancement of the technical and commercial configuration/specifications of rolling stock operated on both the local and the long distance passenger and freight service networks.
Objectives
The project will increase the reliability, efficiency, speed, capacity and safety of trains operating on the Italian railway network. It will contribute to sustainable transport solutions in line with the EU transport policy objectives and the planned development of the Italian railway system.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 800 million.
Total cost (Approximate amount)
EUR 2000 million.
Environmental aspects
The project components do not fall within the scope of EU Directive 97/11. The replacement or upgrading of old rolling stock should benefit the environment, not only because the modern rolling stock should be more energy efficient and reliable, but also because improved services should attract passengers to the railways and contribute to a reduction of road transport.
Procurement
The promoter follows the EU procurement Directives for all projects.
Status
Signed - 2/12/2005
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).