Release date: 4 October 2010
Promoter – Financial Intermediary
KASIG (Karlsruher Schienen-Infrastruktur-Gesellschaft mbH)
Location
Description
Urban transport project in the inner city of Karlsruhe comprising the construction of a tram tunnel under the ‘Kaiserstrasse’ and a new road tunnel under the ‘Kriegstrasse’ to enable improvement of the tram services at surface.
Objectives
By separating tram tracks from car and pedestrian traffic by means of tunneling, the project will improve reliability and punctuality of public transport in Karlsruhe and will improve the livability and safety of the public environment in the city centre.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 307.5 million. (to be verified)
Total cost (Approximate amount)
EUR 615 million. (to be verified)
Environmental aspects
The project provides a tram tunnel, a road tunnel and new tram tracks. All of these fall under Annex II of the EIA Directive 85/337/EEC, amended by directives 97/11/EC and 2003/35/EC. Consequently, competent authorities decide on the requirement of an EIA. In this case the project has been screened in, a full EIA has been done for the complete project (part 1 and 2) and there has been extensive consultation.
Procurement
The promoter is a public entity subject to EU public procurement regulations. The Bank will require the promoter to ensure that contracts for the implementation of the Project have been/shall be tendered in an applicable EU procurement legislation (Directive 2004/17/EEC and 2004/18/EEC) with parallel publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 22/11/2010
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).