Release date: 8 July 2011
Promoter – Financial Intermediary
Fjord Line AS
Location
Description
Construction of two ferries, which will offer daily services between Bergen, Stavanger, Kristiansand (Norway) and Hirtshals (Denmark). Each vessel has a capacity to carry 1 500 passengers and up to 600 vehicles.
Objectives
The project will replace older and less environmental friendly vessels and will increase the capacity deployed on this route. It will hence contribute to the development of sustainable European transport and to the EU policy to promote short sea shipping.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 110 million
Total cost (Approximate amount)
Up to EUR 220 million
Environmental aspects
The project is expected to have no significant environmental impact. The Bank’s services will verify environmental and safety issues, such as emissions data and compliance with all IMO and EU standards, during the project’s due diligence. Should the new acquisitions be part of a scrapping scheme developed by the promoter, then the project could have a net positive environment impact.
Procurement
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify the details during the project’s due diligence.
Status
Signed - 20/06/2014
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).