Release date: 10 October 2012
Promoter – Financial Intermediary
ASSOCIATED BRITISH PORTSLocation
Description
Upgrade of container berths and marine access channel at the Port of Southampton to accommodate large container vessels
Objectives
The project aims at providing the infrastructure needed to accomodate the current and next generation of ultra-large container ships which are expected to be deployed on the Far East-Europe routes.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 87 million (GBP 70 million)
Total cost (Approximate amount)
EUR 174 million (GBP 140 million)
Environmental aspects
The upgrading of berths 201-202 has been the subject of a full EIA, including environmental impact studies (EIS), biodiversity assessments, and public consultation. The EIS non-technical summary (NTS) has been provided to the Bank. EIA procedures for the marine access channel deepening and widening works are underway. Compliance with the SEA directive, the Water Framework Directive, climate change adaptation issues, the EIA process and status of authorisations, biodiversity assessment requirements, residual impacts of the project, as well as compensation measures and monitoring for the project will be reviewed during appraisal.
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 (Dir. 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 5/07/2013
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).