Release date: 15 September 2020
Promoter – Financial Intermediary
RHEINBAHN AGLocation
Description
The project will finance the investment into rolling stock and related infrastructure for the local transport company in the capital and second biggest city of the German state of North Rhine-Westphalia. In particularly, it concerns purchase of about 100 new high floor Light Rail Vehicles (Stadtbahn) for the existing light rail network, which also reaches the neighbouring cities of Duisburg, Krefeld and Neuss.
Objectives
The project will contribute to improve the quality of public transport service in terms of comfort and reliability and will uphold the attractiveness of public transport in the metropolitan area, thus contribute to a reduction of reliance on private cars and their negative impact on the environment and congestion.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 175 million
Total cost (Approximate amount)
EUR 350 million
Environmental aspects
The project does not fall under the scope of the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended by Directive 2014/52/EU, since it entails the manufacture of Light Rail Vehicles, which will take place in a manufacturer's plant. Therefore, no EIA will be required for this project. The project is expected to have positive environmental impacts by helping public transport to increase and/or maintain modal share. For possible associated infrastructure, compliance with the requirements of the EIA Directive will be required and it will be analysed during appraisal.
Procurement
The EIB will require the Promoter to ensure that contracts for the implementation of the project have been and shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/25/EU as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the EU Court of Justice, with publication of tender notices in the Official Journal of the EU.
Status
Under appraisal - 8/05/2020
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).