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Signature(s)

Amount
€ 180,000,000
Countries
Sector(s)
Finland : € 180,000,000
Services : € 18,000,000
Transport : € 162,000,000
Signature date(s)
9/06/2016 : € 18,000,000
9/06/2016 : € 162,000,000
Link to source

Summary sheet

Release date
27 January 2016
Status
Reference
Signed | 09/06/2016
20150408
Project name
Promoter - financial intermediary
HELSINKI URBAN TRANSPORTATION II
HKL - HELSINKI CITY TRANSPORT
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 180 million
EUR 360 million
Location
Sector(s)
Description
Objectives

This is a multi-scheme project included in the investment plan of Helsinki City Transport (HKL). It consists of procurement of tram cars, tram tracks and other tram network-related investments.

The project will include the reconstruction of existing tram tracks, the tramway rolling stock renewal, and small tramway extensions such as the link to the new terminal in Jätkäsaari and extensions on the western side of the city centre. The investments will improve reliability and performance of the tramway network in the City of Helsinki.

Environmental aspects
Procurement

Finland, as a Member State, is obliged to follow the relevant EU rules in relation to the environmental impact of projects (namely the Strategic Environmental Assessment (SEA), Environmental Impact Assessment (EIA) and Habitat/Natura 2000 Directives). The Bank's appraisal will primarily focus on the promoter's environmental management capacity and on the verification of the correct application of these directives. Requirements under SEA Directive 2001/42/EC will also be examined at this stage.
Potential schemes might fall under Annex I or II of the EIA Directive (2011/92/EU). Details on environmental aspects of each of the schemes and compliance with the EIA Directive as well as other applicable directives, including Birds and Habitats, will be checked at allocation stage.

The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required. The tender for the tram cars was awarded in 2011 following publication in the Official Journal (No 2011/S 146-242270).

Related projects
Related sub-project
Link to source
Other links

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) - HELSINKI URBAN TRANSPORTATION II
Publication Date
5 Jul 2016
Document language
Main Topic
Lending
Document Number
67490518
Document Focus
Environmental Information
Project Number
20150408
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - HELSINKI URBAN TRANSPORTATION II
Publication Date
27 Aug 2021
Document language
Main Topic
Lending
Document Number
142599043
Document Focus
Environmental Information
Project Number
20150408
Sector(s)
Regions
Countries
Publicly available
Download now

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.

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