Release date: 7 September 2007
Promoter – Financial Intermediary
Comunidad ValencianaLocation
Description
Acquisition of metro/tram units, part of the rolling stock enlargement and renewal programme in the Valencia region.
Objectives
The principal aim of the project is to replace old and obsolete vehicles and the related network assets, partially renewing and partially increasing the current rolling stock park to be used on existing lines and on renewed lines.
Sector(s)
Proposed EIB finance (Approximate amount)
Around EUR 175 million.
Total cost (Approximate amount)
Around EUR 350 million.
Environmental aspects
Compliance with EU environmental directives and national laws shall be ensured. The replacement of the old metro trains, more than 25 years old and therefore at the end of their economic life, will permit to assure to the passengers more comfortable trips, with a lower environmental impact and lower operating and maintenance costs.
Procurement
The promoter is subject to, and follows, EU Directives.
Status
Signed - 4/12/2008
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).