Release date: 11 May 2020
Promoter – Financial Intermediary
CITY OF STOCKHOLMLocation
Description
The project will finance the reconstruction of the Slussen area, named after the locks between Lake Mälaren and the Baltic Sea, the renewal of the locks and the road bridges on top of the lock as well as the construction of a new bus terminal, an intermodal transport hub, bus lanes, bicycle and pedestrian paths.
Objectives
The aim of the project is to ensure the safety and continued availability of key urban road and public transport infrastructure, and to improve public transport offer within Stockholm. Rebuilding the lock will allow the water management authorities to increase the amount of water discharged from Lake Mälaren into the sea and thus reduce the risk of flooding that is currently threatening the area around the lake.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
SEK 4000 million (EUR 386 million)
Total cost (Approximate amount)
SEK 12948 million (EUR 1251 million)
Environmental aspects
The project falls under annex II of the Directive 2014/52/EU amending the Environmental Impact Assessemnt (EIA) Directive 2011/92/EU and the competent authority has screened it in, after which the promoter completed an EIA. During the appraisal it will be assessed what components of the project the EIA covers and the project compliance with the above mentioned EIA directive, as well as compliance with the SEA Directive 2001/42/EC and the Habitats and Birds Directives (92/43/EEC and 2009/147/EC respectively) and the Water Framework Directive (2000/60/EC).
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: Directives 2014/24/EU and 2014/25/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/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
Signed - 7/10/2020
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).