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    Reference: 20160392
    Release date: 15 September 2016

    Promoter – Financial Intermediary

    OEBB-PERSONENVERKEHR AG

    Location

    Description

    The project broadly entails the purchase of electric trains to be used for regional passenger railway services in Austria by OeBB Personenverkehr AG.

    Objectives

    The project will improve public transport services in Austria. The project will contribute to maintaining public transport competitiveness and attractiveness, thus preventing a modal shift towards private transport and improving commuting and mobility in the region.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 500 million

    Total cost (Approximate amount)

    EUR 1700 million

    Environmental aspects

    Manufacture of the new train sets will take place in the manufacturer's plant and does not fall within the scope of the Environmental Impact Assessment (EIA) Directive 2011/92/EU; therefore no EIA is required.

    Compliance with applicable EU directives will be checked during the Bank's due diligence at 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 (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 Official Journal of the EU, as and where required.

    Status

    Signed - 5/10/2017

    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