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    Reference: 20200158
    Release date: 15 October 2020

    Promoter – Financial Intermediary

    CESKE DRAHY AS

    Location

    Description

    Retrofit of around 95 pieces of rolling stock with European Train Control System (ETCS) on-board units, including eight prototypes.

    Objectives

    By means of contributing to achieving interoperability of the EU railway system, the project is expected to improve the competitiveness of rail vis à vis other modes of transport, thereby promoting sustainable transport solutions in line with EU objectives and present environmental and safety benefits due to preventing modal shift from rail to road. Furthermore, the rolling stock will provide services predominantly in a Convergence Region, and thereby facilitate regional development.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    CZK 904 million (EUR 34 million)

    Total cost (Approximate amount)

    CZK 2203 million (EUR 83 million)

    Environmental aspects

    The investments proposed under the project do not fall under either Annex I or Annex II of the Environmental Impact Assessment Directive 2011/92/EU as amended by Directive 2014/52/EU as manufacturing and use of rail rolling stock is not included in either list. The need for an environmental impact assessment (EIA) and/or assessment according to the Habitats Directive for associated facilities (e.g. maintenance workshops or depots) will be analysed during the appraisal. All else equal, the project is expected to have a positive environmental impact by helping the railways to maintain modal share in key sections of the passenger market that are most appropriately met by rail.

    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, Directive 2014/25/EU as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Approved - 2/12/2020

    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

    Czech Republic Transport