TRENITALIA REGIONAL ROLLING STOCK

Promoter – Financial Intermediary

TRENITALIA SPA

Location

• Italy

Description

The project consists of the acquisition of rolling stock for regional passenger railway services in the Lazio, Liguria, Veneto, Piedmont and Tuscany regions in Italy. In particular, it consists of the acquisition of 49 five-car articulated electrical multiple units (EMUs) and 250 double-deck passenger coaches.

Objectives

The project will increase the quality of the services provided by the promoter, and thereby will promote sustainable transport solutions, in line with EU objectives.

Sector(s)

• Transport

Proposed EIB finance (Approximate amount)

EUR 300 million

Total cost (Approximate amount)

EUR 709 million

Environmental aspects

The investments proposed under the project do not fall under either Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU) as manufacturing and use of rail rolling stock is not included in either list. The need for an EIA and/or assessment according to the Habitats Directive for associated facilities (e.g. maintenance workshops or depots) will be analysed during the appraisal. The project is expected to have a positive environmental impact by helping the railways to maintain modal share in key sections of the passenger market.

Procurement

The promoter is a contracting authority regulated by public procurement law. The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Status

Signed - 23/12/2015