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    Reference: 20120657
    Release date: 28 June 2013

    Promoter – Financial Intermediary

    STADT GRAZ

    Location

    Description

    Upgrade and extension of tram infrastructure, rolling stock and buses.

    Objectives

    The selected investments will improve the quality and service level of the sustainable transport modes, in particular buses and tram.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 100 million

    Environmental aspects

    Austria, as an Member State, is obliged to follow the relevant EU rules in relation to the environmental impact of projects (namely Strategic Environmental Assessment, Environmental Impact Assessment and Habitat/Natura 2000 Directives). The Bank’s appraisal will primarily focus on the promoter’s environmental management capacity and on the verification of the correct application of these Directives, including undertaking of SEA/EIAs and an assessment of the requirements of the Habitat and Bird Directive where appropriate. The project’s relevant key documents will be published in line with the Bank’s procedures.

    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 2004/18/EC, 2004/17/EC or Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 2/12/2013

    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

    Austria Transport