Release date: 8 June 2007
Promoter – Financial Intermediary
Rede Ferroviária Nacional REFER, E.P.Location
Description
The project consists mainly of railway improvement through several schemes of railway upgrade and modernisation throughout Portugal. It includes a rail link to the port of Aveiro.
Objectives
Railway upgrade,through improvements in passenger and freight services, aiming at reducing travel times and improving freight access to the rail network, reliability and safety.
Nearly all the proposed investments under the project are located in Convergence areas of Portugal, contributing to promote growth-enhancing factors in the country.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million, indicatively.
Total cost (Approximate amount)
Currently estimated at EUR 300 million.
Environmental aspects
Compliance with EU environmental directives and national laws will be ensured. Some project components fall under Annex I or II of the EIA directive and have been subject to an Environmental Impact Assessment.
Procurement
REFER will follow the applicable public procurement procedures, including publication of tender notices in the EU Official Journal where applicable.
Status
Signed - 10/09/2009
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).