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    Signature(s)

    Amount
    € 240,968,729.7
    Countries
    Sector(s)
    Ecuador : € 240,968,729.7
    Transport : € 240,968,729.7
    Signature date(s)
    14/11/2016 : € 40,968,729.7
    28/11/2012 : € 200,000,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    15 December 2011
    Status
    Reference
    Signed | 28/11/2012
    20110297
    Project name
    Promoter - financial intermediary
    METRO DE QUITO
    Distrito Metropolitano de Quito
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 241 million
    EUR 1827 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the construction of the first metro line in Quito, 23 km long, with 15 stations. The project also includes the acquisition of 18 new 6-car trains to operate on the line.

    The project should help promote a sustainable public transport system in Quito. The city currently suffers from congestion problems and the project should attract private car users. The proposed operation would be in line with the strategic objectives set for the ALA Mandate, as it contributes to environmental sustainability and energy use optimisation, due to the expected positive modal shift to metro from private vehicles, with a reduction in transport-related pollutants emissions and fuel consumption.

    Environmental aspects
    Procurement

    According to EU legislation, metro projects fall under Annex II of Directive 85/337/EC as amended and therefore competent authorities decide on a case-by-case basis whether a full EIA has to be carried out or not. The EIA process for the project started during the second half of 2011, and is expected to be concluded by Q1 2012. The EIB will ensure that, together with compliance with national legislation, the EIA respects the principles of EU Directives, including aspects of public consultation and stakeholders engagement. A proper resettlement policy framework and action plan are also required, in line with EU policy. The project is expected to bring to an overall improvement of environment thanks to the reduction in transport-related emissions. All details about these issues will be checked at appraisal stage

    The project will have to comply with the basic principles of the EU policy on procurement. As it is still at an early stage, procurement procedures have not started yet. Full details on procurement for all the components will be checked during appraisal and monitored during implementation. The main project components shall in any case be internationally tendered, consistent with the principles of EIB's Guide to Procurement, the application of which is a precondition for Bank financing. Through the international competitive bidding process, it is expected a strong participation of EU contractors in the bidding for the civil works and the rolling stock.

    Under ELM Guarantee
    Comments

    This operation is covered by the ELM Guarantee.

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Link to source
    Summary sheet

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - METRO DE QUITO
    Publication Date
    15 Oct 2014
    Document language
    Main Topic
    Lending
    Document Number
    54955479
    Document Focus
    Environmental Information
    Project Number
    20110297
    Sector(s)
    Countries
    Publicly available
    Download now

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