Release date: 17 June 2005
Promoter – Financial Intermediary
Cofiroute S.A (Compagnie Financière et Industrielle des Autoroutes).Location
Description
The projet concerns the construction and equipping of the last two sections (57 km) of the A28 European motorway, between Alençon et Tours, in western central France.
Objectives
By completing the stretch of motorway on France’s Atlantic seaboard, the project will encourage trade between north-western Europe (Germany, Benelux, United Kingdom) and the Iberian Peninsula, contribute to the economic development of the regions through which the motorway passes, provide a link with the major sea and river ports of the North Sea (English Channel and Atlantic), reduce congestion in the north-south corridor crossing the Paris region and eliminate most of the pollution associated with traffic passing through the conurbations situated along Route Nationale 138, which is a trunk road with a very high accident rate.
Comments
Motorways.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 190 million.
Total cost (Approximate amount)
Approximately EUR 400 million, including interest during construction.
Environmental aspects
The project is covered by EU Directives 85/337/EC and 92/43/EC. Its design was the subject of detailed environmental studies and the motorway was declared to be in the public interest.
Procurement
All the works and supplies contracts will be awarded in accordance with the relevant EU procurement directives.
Status
Signed - 14/10/2005
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).