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    Reference: 20130265
    Release date: 21 January 2014

    Promoter – Financial Intermediary

    PUBLIC ENTITY(IES), AS Eesti Liinirongid (Elron)

    Location

    Description

    The project is a major allocation under the structured programme loan "EU FUNDS CO-FINANCING 2007-2013 (EST) (2008-0704)" and concerns the acquisition of 18 Electric Multiple Units (EMU) for Elektriraudtee AS. The EU Commission's co-financing decision has been issued on 01/27/2010.

    Objectives

    Improving the attractiveness of public transport through the modernisation and upgrade of Elron's rolling stock. The aim is to continue passenger transport with trains in the city of Tallinn and its vicinity. These units will replace all of the current rolling stock that is nearing the end of its useful life.

    Comments

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 12 million

    Total cost (Approximate amount)

    EUR 81 million

    Environmental aspects

    The project does not fall under either Annex I or Annex II of the Environmental Impact Assessment directive 2011/92/EU, since manufacturing and use of rail rolling stock is not included in either list. The project is expected to include some positive environmental impact by helping the railways to maintain modal share in key sections of the passenger market that are most appropriately served by rail. Compliance with environmentally friendly design standards (in particular compliance with Decision 2006/861/EC concerning the technical specification for interoperability relating to the noise) will also be further assessed during the appraisal.

    Procurement

    The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC in this case), with publication of tender notices in the EU Official Journal, as and where appropriate.

    Status

    Approved - 28/02/2014

    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

    Estonia Transport