Release date: 15 May 2008
Promoter – Financial Intermediary
Réseau ferré de FranceLocation
Description
The project involves the construction of approx. 300 km of high-speed railway line between Tours and Bordeaux.
Objectives
The project will establish high-speed passenger rail services enabling major time savings, with the potential knock-on effect of diverting a sizeable chunk of road and air traffic to the rail network, which will have a positive impact on the environment.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 600 million for the senior debt and EUR 200 million for the LGTT
Total cost (Approximate amount)
Around EUR 7.2 billion (including network improvements carried out by RFF)
Environmental aspects
The project falls within the categories listed in Annex I to Directive 97/11/EC and has therefore been subject to an environmental impact assessment (EIA) in accordance with French administrative procedures, which fully incorporate Community legislation.
Procurement
The consultation process to award the concession for the new line was launched with the publication of the tender notice in the Official Journal of the European Union. Three candidates were pre-selected and the consultation documents were sent to them in February 2008.
Status
Signed - 16/06/2011
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).