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    Reference: 20160186
    Release date: 3 May 2016

    Promoter – Financial Intermediary

    SOCIETE NATIONALE DES CHEMINS DE FER BELGES

    Location

    Description

    The project consists of the acquisition of M7 double-deck passenger vehicles.

    Objectives

    The project is expected to generate rolling stock operating and maintenance costs savings. It should also improve the quality and increase the offer of passenger rail services in Belgium.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 600 million

    Total cost (Approximate amount)

    EUR 1300 million

    Environmental aspects

    The investment proposed under the project does 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 entity subject to public procurement rules. 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, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 25/11/2016

    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

    Belgium Transport