HAMBURG UNDERGROUND ROLLING STOCK GREEN LOAN

Promoter – Financial Intermediary

HAMBURGER HOCHBAHN AG

Location

• Germany

Description

The project consists of the purchase of 41 trains (DT6-F) to renew rolling stock on the existing lines of Hamburg metro network.

Objectives

The project will contribute to improving public transport competitiveness and attractiveness in the city-State of Hamburg, thus reducing the reliance on private cars and the negative impact of transport on the local environment as well as improving road safety. In increasing the share of public transport with more underground trains and replacing old trains, the project will contribute to reducing greenhouse gas (GHG) emissions, improving air quality levels, reducing noise pollution and improving energy efficiency.

Sector(s)

• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 173 million

Total cost (Approximate amount)

EUR 513 million

Environmental aspects

The manufacturing of the new rolling stock does not fall within the scope of Directive 2011/92/EU amended by the EIA Directive 2014/52/EU as it is not listed in the Annexes of the Environmental Impact Assessment (EIA) Directive.

Procurement

The Bank will require the Promoter to ensure that contracts for implementation of the Project have been tendered in accordance with the applicable EU procurement legislation 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 EU Official Journal, as and where required. Following the tender which ended with the submission of a BAFO (Best and final offer) on April 19, 2024, the framework agreement with ALSTOM Transport Deutschland GmbH for the delivery of the trains has been signed in June 2024.

Status

Under appraisal - 28/10/2024