10 July 2019
Promoter – Financial Intermediary
ACCEPTABLE CORPORATE(S),PUBLIC ENTITY(IES)
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.
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.
Proposed EIB finance (Approximate amount)
EUR 250 million
Total cost (Approximate amount)
EUR 600 million
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.
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.
Approved - 15/10/2019