Release date: 22 February 2006
Promoter – Financial Intermediary
Le Mans Métropole.Location
Description
Construction of first 15 km tramway line in Greater Le Mans.
Objectives
The project forms part of the Urban Transport Plan adopted in 2001 by the competent local authorities and aims to enhance the attractiveness of public transport in urban areas, thus helping to improve the environment and quality of life.
Comments
Urban transport.
Sector(s)
Proposed EIB finance (Approximate amount)
Around EUR 120 million.
Total cost (Approximate amount)
Around EUR 290 million.
Environmental aspects
In accordance with national legislation, the project has been subjected to an environmental impact assessment in connection with the Declaration of Public Interest. Once completed, it will help to reduce car traffic pollution while benefiting local tourism and facilitating travel.
Procurement
Le Mans Metropole is subject to EU procurement directives. All works contracts financed by the Bank will be awarded in accordance with the provisions of European Union law.
Status
Signed - 15/06/2006