Reference: 20190642
Release date: 18 June 2020

Promoter – Financial Intermediary

REPUBLIC OF CROATIA

Location

Description

The project will finance the purchase of 21 Electric Multiple Units (hereinafter EMU), eleven for urban/suburban services and ten for regional services, with a maximum speed of 160 km/h. JASPERS (see: https://jaspers.eib.org) experts have been involved in the project's preparation and the subsequent Independent Quality Review.

Objectives

The new units will help improve services through better reliability as well as an increase in capacity. Furthermore, the new rolling stock is expected to promote more efficient operations, reduce maintenance costs, lower energy consumption and increase the level of comfort for passengers.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 21 million

Total cost (Approximate amount)

EUR 150 million

Environmental aspects

Overall, the project complies with relevant EU and national environmental legislation and is eligible according to EIB environmental standards. The project is expected to result in positive environmental impacts by helping the rail sector to maintain or gain modal share in key segments of the passenger market that are most appropriately served by rail. On a passenger per kilometre basis, rail has the potential to generate significant energy savings, emission reductions and safety improvements compared to other transport modes. Rail transport may also improve noise levels on an aggregate basis.

Procurement

The promoter has to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with 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 European Union, as and where required.

Status

Approved - 16/07/2020

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

Croatia Transport