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    Reference: 20210001
    Release date: 24 August 2021

    Promoter – Financial Intermediary




    The project entails the acquisition of 33 trainsets for regional rail transport, including 22 trains for services on the Amiens – Paris and St. Quentin-Paris line, and 11 trains for services between Picardie (Amiens, Creil, Compiègne, St. Quentin) and Roissy Charles de Gaulle Airport line.


    The project should improve the quality and increase the offer of regional passenger rail services in the Region Hauts de France. The project will promote sustainable transport as it fosters modal shift from the road and therefore contributes to the reduction of CO2 emissions and pollution levels within the regional urban agglomerations, and will therefore contribute towards EIB's volume target commitment to climate action. The impact on modal share would also improve transport safety. The rolling stock is expected to be mostly used in transition regions. The project is therefore eligible for financing under Article 309 point (a) projects for developing less-developed regions and 309 point (c) common interest.


    Proposed EIB finance (Approximate amount)

    EUR 282 million

    Total cost (Approximate amount)

    EUR 574 million

    Environmental aspects

    The investment proposed under the project does 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 of EIA and/or assessment according to the Habitats Directive for associated facilities (e.g. maintenance workshops or depots) as well as the arrangements for the scrapping of the replaced rolling stock 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 and increase modal share in key sections of the passenger market that are most appropriately met by rail.


    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 2004/17/EC, applicable at the time of procurement, 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 (OJEU), as and where required. The rolling stock is being procured under an existing framework contract, valid until July 2025, for which the contract and award notices were published in the OJEU (2008/S 134-180288; 2010/S 59-087369).


    Signed - 29/12/2021


    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

    France Transport