NAHVERKEHR HAMBURG

Acquisition of underground trains and buses for the Hamburg public transport company.

The project will improve the quality of public transport service in terms of speed, comfort and reliability and will increase the attractiveness of public transport in the metropolitan area, thus contributing to reduce reliance on private cars and the negative impact of transport on the environment.

The construction of the new train sets and buses will take place in the manufacturer’s plants and does not fall within the scope of Directive 85/337/EEC (as subsequently amended), therefore no EIA is required for the project. The project can be expected to contribute to an overall improvement of the urban environment thanks to the better environmental performances of new vehicles, and by contributing to the promotion of public transport utilisation in a congested urban area.

Hamburger Hochbahn AG is subject to and follows EU procurement procedures (namely, Directive 2004/17/EEC) including publication in the EU Official Journal. All contracts have gone or will go through an internal standardised appraisal procedure, resulting into a regular evaluation process. Under these conditions, the procedures chosen by the promoter are suitable for the project and in line with Bank’s requirements.