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Signature(s)

Amount
€ 75,000,000
Countries
Sector(s)
Latvia : € 75,000,000
Transport : € 75,000,000
Signature date(s)
19/07/2017 : € 75,000,000
Link to source

Summary sheet

Release date
30 June 2016
Status
Reference
Signed | 21/07/2017
20150496
Project name
Promoter - financial intermediary
RIGA TRANSPORT COMPANY
RP SIA RIGAS SATIKSME
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 75 million
EUR 195 million
Location
Sector(s)
Description
Objectives

Purchase of 20 new low-floor tram units to operate in the city of Riga, and modernisation of tramway infrastructure and depot. Purchase of 10 hydrogen fuel cell (HFC) buses and 10 Hytrolleys with HFC range extenders. Construction of hydrogen fuel production and storage facility.

The project consists of the purchase of 20 new low-floor tram units for the city of Riga. New trams will replace existing ones, which are obsolete.

Environmental aspects
Procurement

Manufacture of the new train sets will take place in the manufacturer's plant and does not fall within the scope of the Environmental Impact Assessment (EIA) Directive 2011/92/EU; therefore no EIA is required for this component. Compliance of the new depot, the expansion of existing depot and associated facilities (i.e. infrastructure, if any) will be analysed during appraisal.

The promoter is subject to and follows public procurement rules according to EU regulations. The Bank will require the promoter to ensure that contracts for the implementation of the project are tendered in accordance with the relevant applicable EU procurement legislation, with publication of tender notices in the Official Journal of the EU, as and where appropriate. The procurement process followed for tram sets will be reviewed during appraisal.

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) - RIGA TRANSPORT COMPANY
Publication Date
22 Nov 2016
Document language
Main Topic
Lending
Document Number
63147899
Document Focus
Environmental Information
Project Number
20150496
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

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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