Search En menu en ClientConnect

Signature(s)

Amount
€ 128,534,704.37
Countries
Sector(s)
United Kingdom : € 128,534,704.37
Transport : € 128,534,704.37
Signature date(s)
15/12/2011 : € 128,534,704.37
Link to source

Summary sheet

Release date
19 January 2011
Status
Reference
Signed | 15/12/2011
20100407
Project name
Promoter - financial intermediary
Nottingham Express Transit Phase Two

Nottingham City Council

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
GBP 100 million
GBP 600 million
Location
Sector(s)
Description
Objectives

Extension to Nottingham's existing urban light rail network, through the addition of two new lines serving the western and southwestern areas of the city. The two new tram routes will link densely populated urban areas and key commercial districts to the city centre. The project is being procured as a 23-year DBFOM (Design-Build-Finance-Operate & Maintain) concession, which will include taking over the existing NET Line One route, which has been successfully operating since 2004.

Reducing road congestion and supporting economic growth and regeneration in the Greater Nottingham area.

Environmental aspects
Procurement

Urban tramway projects fall under Annex II of the EU Directive 85/337/EEC as amended and therefore competent authorities decide on the requirement of an EIA. In this case the competent authority decided that an EIA is required. The project is contributing to reduce reliance on private cars and the negative impact of transport on the environment, thus contributing to climate change objectives. These details along with compliance with EU Birds and Habitat Directives will be examined during the project appraisal.

The Promoter is subject to and follows EU procurement procedures (namely, Directive 2004/18/EC) including publication in the EU Official Journal. Project components financed by the Bank will be/have been tendered in accordance with the Public Contracts Regulations 2006 which implement the Directive in England, Wales and Northern Ireland. Under these circumstances, the procurement procedures applied by the Promoter are suitable for the project and acceptable to the Bank. The project will be procured as a PPP, through a negotiated procedure with two bidders after a prequalification procedure. Appraisal will give extra attention to risks and risk transfers. Full details will be checked at appraisal stage.

Link to source

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).

News & Stories

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

Related publications