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Financing of the investment programme of some twenty Transport Organisation Authorities with dedicated public transport projects scheduled to be completed by 2007/2008.
The purpose of this programme is to promote public transport, thus helping to improve the environment and the quality of life in urban areas. Moreover, it will help to bolster the financial strength of the projects in question by broadening the range of LMT funding made available to the final beneficiaries and by offering them maturities tailored to the useful life of the assets financed.
Urban public transport schemes come under Annex II to Directive 85/337/EEC (amended by Directive 97/11/EEC). Accordingly, it is up to the supervisory authorities to decide to initiate an Environmental Impact Assessment (EIA).
Tendering procedures applied by Transport Organisation Authorities are required to comply with Community procurement directives.
Urban public transport.