Release date: 11 February 2010
Promoter – Financial Intermediary
Hamburger Hochbahn AG
Location
Description
Acquisition of underground trains and buses for the Hamburg public transport company.
Objectives
The project will improve the quality of public transport service in terms of speed, comfort and reliability and will increase the attractiveness of public transport in the metropolitan area, thus contributing to reduce reliance on private cars and the negative impact of transport on the environment.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 160 million
Total cost (Approximate amount)
EUR 320 million
Environmental aspects
The construction of the new train sets and buses will take place in the manufacturer’s plants and does not fall within the scope of Directive 85/337/EEC (as subsequently amended), therefore no EIA is required for the project. The project can be expected to contribute to an overall improvement of the urban environment thanks to the better environmental performances of new vehicles, and by contributing to the promotion of public transport utilisation in a congested urban area.
Procurement
Hamburger Hochbahn AG is subject to and follows EU procurement procedures (namely, Directive 2004/17/EEC) including publication in the EU Official Journal. All contracts have gone or will go through an internal standardised appraisal procedure, resulting into a regular evaluation process. Under these conditions, the procedures chosen by the promoter are suitable for the project and in line with Bank’s requirements.
Status
Signed - 9/11/2010
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).