Release date: 14 November 2023
Promoter – Financial Intermediary
REGION DE BRUXELLES CAPITALE,SOCIETE DES TRANSPORTS INTERCOMMUNAUX DE BRUXELLESLocation
Description
The project will support the implementation of Phase I of the metro line 3 (M3) which consists of upgrading the existing tram infrastructure (pre-metro) into a fully-fledged metro line in the central underground transport corridor between Albert and Gare du Nord (6km), in Brussels. This is part of a wider programme of strategic transport investments carried out by the 'Région de Bruxelles Capitale (RBC)' to modernise the existing public transport infrastructure and fleets, as well as to extend the network.
Objectives
The loan will support the implementation of the Sustainable Mobility Plan for Brussels Region and will contribute to improving quality, reliability, capacity, safety and accessibility of the public transport services, thus favouring the use of public transport and promoting intermodality and modal transfer away from private cars as well as improving energy efficiency.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 475 million
Total cost (Approximate amount)
EUR 1660 million
Environmental aspects
The promoter's environmental and social management capacity to apply the relevant EU Directives will be verified during appraisal, particularly with regard to the EU Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended by 2014/52/EU), EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC as well as public consultation.
Procurement
The promoter has to ensure that contracts for the implementation of the project have been and will be tendered in accordance with EU procurement legislation, 2014/25/EU or 2014/24/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 - 21/12/2023
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).