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    Reference: 20190204
    Release date: 10 July 2019

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S),PUBLIC ENTITY(IES)

    Location

    Description

    Financing the renewal and improvement of urban public bus transport fleets and its related infrastructure to improve the quality of the services and to have cleaner fleets. The programme falls under the Cleaner Transport Facility.

    Objectives

    The project consists of a Programme Loan 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 investment will help to make public transport services cleaner by deploying cleaner technology. Most investments are likely to be into public transport buses (hybrid Diesel EURO 6/electric, electricity, hydrogen, biofuels and natural gas) and its associated infrastructure needs, such as for charging and refueling, software and IT systems. Other vehicles and urban infrastructure works, including depots for the vehicles, might also be financed through the programme.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 250 million

    Total cost (Approximate amount)

    EUR 600 million

    Environmental aspects

    Manufacturing of rolling stock does not fall within the scope of the EIA Directive 2011/92/EC; therefore no EIA will be required for this component. In the case that any infrastructure component will be part of the scope, then the compliance with the requirements of the EU EIA Directive 2011/92/EC 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 should contribute to reducing the GHG emissions and noise.

    Procurement

    The Bank will require the Promoter to ensure that contracts for the implementation of the programme have been and/or shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/24/EU and/or 2014/25/EU 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 EU Official Journal, as and where required.

    Status

    Approved - 15/10/2019

    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