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    Reference: 20090170
    Release date: 17 June 2009

    Promoter – Financial Intermediary

    To be defined at a later stage.

    Location

    Description

    The project consists of a cross-border railway tunnel of approximately 55.5 km crossing the Alps between Innsbruck (Austria) and Fortezza (Italy) to be used for freight and high speed passenger transport. The project in a wider sense also will have to comprise the implementation of major additional infrastructures on both its northern and southern access routes between Munich and Verona.

    Objectives

    The project will provide a shorter and more efficient alternative to the existing (above ground-level) pass route and should lead to a modal shift from road to rail.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 1.8 billion.

    Total cost (Approximate amount)

    An estimate of total project cost will be provided at a later stage.

    Environmental aspects

    The project falls under Annex 1 of the EU Directive 85/337/EEC. Compliance with all applicable EU and national environmental legislation on environment will be verified during appraisal, with particular focus on the following:

    • SEA (Strategic Environmental Assessment), in accordance with EU Directive 2001/42;
    • EIA (Environmental Impact Assessment), in accordance with Directive 85/337/EEC (and following amendments Directive 97/11/EC and 2003/35/E);
    • Nature Conservation, in accordance with EU Habitat Directive 92/43/EEC (especially Articles 6, 10 and 12) and EU Birds Directive 74/409/EEC.

    Procurement

    The Bank will require the Promoter to ensure that the contracts related to the project have been or shall be tendered in accordance with EU public procurement procedures.

    Status

    Under appraisal - 17/06/2009

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Italy Transport