Release date: 14 February 2018
Promoter – Financial Intermediary
FERROVIENORD SPA,REGIONE LOMBARDIALocation
Description
The project consists of the acquisition of 161 new train sets to replace obsolete rolling stock for suburban and regional services in the Italian Lombardy Region.
Objectives
The project will contribute to increasing the quality of passenger rail services in Lombardy. 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, the renewal of rolling stock will help railways to compete with other transportation 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, as well as safety and environmental benefits.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 650 million
Total cost (Approximate amount)
EUR 1607 million
Environmental aspects
The project will promote a modal shift from road to rail and, therefore, generate environmental and safety benefits. The acquisition of rolling stock is out of the scope of the Environmental Impact Assessment Directive (2011/92/EU), the Habitats Directive (92/43/EEC) as well the Birds Directive (2009/147/EC). No associated facilities are planned to be built; this will be confirmed at the appraisal.
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 European Union, with the publication of tender notices in the Official Journal of the European Union (OJEU), as and where required.
Status
Signed - 31/05/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).