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    Reference: 20170464
    Release date: 3 November 2017

    Promoter – Financial Intermediary

    FNM SPA

    Location

    Description

    Acquisition of 10 new trainsets for operation of regional services in Lombardy (Italy) and cross-border regional services between Lombardy and Ticino (Switzerland).

    Objectives

    The project will contribute to increasing the quality of passenger rail services in Lombardy and cross-border between Lombardy and Ticino. The new rolling stock is expected to allow more efficient operation, reduce maintenance costs, lower energy consumption and increase the level of comfort for passengers. Indirectly, by improving services, rolling stock renewal will help railways compete with other modes, particularly private vehicles, so as to maintain or improve its modal share. Shifting passenger flows from other modes to rail may result in reduced vehicle operation costs, safety and environmental benefits.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 100 million

    Environmental aspects

    The project consists of acquisition of rolling stock, which is out of the scope of the Environmental Impact Assessment Directive (2011/92/EU), the Habitats Directive (92/43/EEC) and Birds Directive (2009/147/EC). No associated facilities are planned to be built; this will be confirmed at the appraisal. The project will promote a modal shift from road to rail and, therefore, generate environmental and safety benefits.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/25/EU, as well as Directive 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 (OJEU), as and where required.

    Status

    Signed - 22/12/2017

    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

    Italy Transport