Release date: 7 April 2008
Promoter – Financial Intermediary
AS Tallink GruppLocation
Description
The project concerns the purchase of a new RoPAX ferry to be employed on the Promoter’s existing Tallinn-Helsinki route. The vessel will be delivered in June 2008.
Objectives
The project should strengthen the market position of an EU-based niche shipping player, operating a number of routes in the north Baltic Sea, including currently 3 vessels on the Tallinn- Helsinki route.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 82.5 million.
Total cost (Approximate amount)
EUR 165 million.
Environmental aspects
The project is expected to have no significant environmental impact. The Bank's services will verify all environmental and safety issues during the project's due diligence. No EIA is required for the project, as it does not fall under either Annex I or Annex II of Directive 97/11/EC.
Procurement
Procurement of the ship’s design and construction is expected to be in line with EIB guidelines for private sector projects. Any route concession contracts or tenders will also be verified during the project's due diligence.
Status
Signed - 27/06/2008
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).