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    Reference: 20120256
    Release date: 15 March 2016

    Promoter – Financial Intermediary

    MERSEYTRAVEL

    Location

    Description

    The project consists of the acquisition of electrically powered rolling stock for use on Merseytravel's network in Merseyside, Cheshire and West Lancashire in the northwest of England together with associated upgrades to the railway's infrastructure and maintenance depots.

    Objectives

    Merseytravel wishes to procure a new fleet which will be in service by the early 2020s. The project will contribute to the continuation, improvement and development of reliable high quality public transport services in Merseyside, Cheshire and West Lancashire and encourage modal shift away from road transport promoting time, vehicle operating cost and safety benefits.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 245 million (GBP 190 million)

    Total cost (Approximate amount)

    EUR 516 million (GBP 400 million)

    Environmental aspects

    Manufacture of rail rolling stock doesn't fall under either Annex I or Annex II of the Environmental Impact Assessment Directive 2011/92/EU. Compliance with EU legislation and the environmental impact of the project will be examined during the project appraisal. The project helps to reduce reliance on private cars and the negative impact of transport on the environment, thus contributing to climate change objectives.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (in this case Directive 2004/18/EC and Directive 2007/66/EC (amending Directives 1989/665/EEC and 1992/13/EEC)), with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 29/12/2016

    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

    United Kingdom Transport