Release date: 20 February 2009
Promoter – Financial Intermediary
Tallink
Location
Description
Construction and purchase of one passenger ferry.
Objectives
The vessel will sail between Tallinn and Stockholm.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 90 million.
Total cost (Approximate amount)
Up to EUR 180 million.
Environmental aspects
The Ferry should fully comply with the International Maritime Organisation’s MARPOL ’78 incl. Annex IV and SOLAS. The objective of Tallink’s Safety Management System is to ensure that the valid rules and requirements set out by the IMO (International Maritime Organisation), various certification bodies, and other maritime organisations, as well as their applicable regulations and standards, are adhered to. The modern technical systems on board new ships are built in a way which allows them to contribute in providing the very safest of voyages and maintain a clean sea and air environment. The project is expected to have no significant environmental impact. The Bank's services will verify all environmental and safety issues during the project's due diligence. No EIA is required for the project, as it does not fall under either Annex I or Annex II of Directive 97/11/EC.
Procurement
Tallink is a private company not operating in the utilities sector and is therefore not covered by the EU directives on procurement. Procurement of the vessel's construction was the result of a direct negotiated procedure between the promoter and the Aker shipyard. This is considered by Tallink to be the most efficient process and is acceptable by the Bank.
Status
Signed - 18/12/2009
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).