Release date: 17 March 2009
Promoter – Financial Intermediary
Picardy RegionLocation
Description
The project concerns the purchase of TER regional express trains.
Objectives
To make public rail transport more competitive and attractive in the Picardy region.
Sector(s)
Proposed EIB finance (Approximate amount)
Approximately EUR 160 million.
Total cost (Approximate amount)
Approximately EUR 320 million.
Environmental aspects
The project will contribute to enhancing the attractiveness of rail in comparison with road transport. This will result in a reduction in the number of journeys undertaken by private car and limit the harmful effects associated with this mode of transport (accidents, local atmospheric pollution and noise).
Procurement
The Picardy Region, like other Regions in France that have submitted projects to the EIB as a result of the regionalisation of rail transport, enters into agreements with SNCF to purchase the TER trains selected by the latter following European calls for tender.
Status
Signed - 9/10/2009
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).