JOKERI LIGHT RAIL LINE

Promoter – Financial Intermediary

CITY OF HELSINKI, CITY OF ESPOO

Location

• Finland

Description

The project concerns the construction of the Jokeri light rail line in the cities of Helsinki and Espoo in Finland and the acquisition of related rolling stock

Objectives

The operation will improve the quality of public transport services in terms of speed, comfort, availability and reliability and will increase the attractiveness of public transport in both cities concerned. This improvement contributes to keeping public transport competitive compared to private cars, with associated positive benefits in terms of the environmental and economic sustainability of the cities. The project is thus expected to improve the quality of the urban environment.

Sector(s)

• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 220 million

Total cost (Approximate amount)

EUR 480 million

Environmental aspects

The project falls under Annex II of Directive 2011/92/EU, as amended by 2014/52/EU (if applicable), according to which the need for an environmental impact assessment (EIA) is decided on a case-by-case basis by the competent authority. Environmental aspects, including nature conservation, as well as compliance with applicable directives, will be checked and further analysed during appraisal.

Procurement

The Bank will require the promoter to ensure that contracts for the implementation of the project are tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/24/EU or 2014/25/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/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 - 12/04/2018