Reference: 20180665
Release date: 12 September 2019

Promoter – Financial Intermediary

VERKEHRSBETRIEBE HAMBURG-HOLSTEIN GMBH

Location

Description

The project is presented under the Clean Urban Transport Programme Loan Germany (2019-0204), which is intended to support both public and private promoters operating under a public service contract responsible for transport of passengers in urban areas in German municipalities. The project, which consists of Verkehrsbetriebe Hamburg-Holstein's (VHH) investment programme for bus electrification, includes: (i) the renewal of Hamburg's urban public bus fleet within the period 2019-2023 (e-buses) and (ii) the construction of associated infrastructure needs, namely IT systems and the remodelling of depots to adapt them to electromobility.

Objectives

The project, structured as an investment loan, is expected to consist of (i) the acquisition of approximately 155 electric buses to substitute old Euro III-V diesel buses, (ii) the adaptation of 4 depots to electromobility and the construction of one new depot adapted to electric buses, and (iii) the implementation of software and IT systems in the Municipality of Hamburg, Germany.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 60 million

Total cost (Approximate amount)

EUR 142 million

Environmental aspects

Manufacturing of rolling stock and of software and IT systems does not fall within the scope of the EIA Directive 2011/92/EC amended by Directive 2014/52/EU; therefore, no Environmental Impact Assessment will be required for this component. For the infrastructure component, the compliance with the requirements of the EU EIA Directive 2011/92/EU amended by Directive 2014/52/EU will be required. The project is expected to have a positive environmental impact by helping the public transport to increase and/or maintain modal share. Furthermore, the project will contribute to reducing Greenhouse Gas (GHG) emissions and noise.

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

Under appraisal - 18/01/2019

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

Germany Transport