Release date: 19 October 2012
Promoter – Financial Intermediary
SOCIETE FRANCAISE DU TUNNEL ROUTIER DU FREJUS
Location
Description
The project involves the construction of a safety tunnel and passageways connecting with the existing road tunnel along which new emergency shelters can be built. The tunnel is a cross-border structure whose concessionholders are Société Française du Tunnel Routier du Fréjus (SFTRF) and its counterpart Società Italiana per il Traforo Autostradale del Frejus (SITAF), each responsible for the section within its country's borders. A European economic interest grouping (EEIG) is responsible for ensuring the safety, operation, maintenance and conservation of the tunnel.
Objectives
The project is aimed at improving road safety in accordance with the tightening of EU regulations, in particular the "Mont Blanc" Directive EC/2004/54 on minimum safety requirements for road tunnels.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 115 million
Total cost (Approximate amount)
EUR 480 million
Environmental aspects
The project comes under Annex II to Directive EIE 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. It requires an EIA conducted and approved for both the Italian and French sections. The Bank will also review the EIA process adopted to date in order to confirm that it meets the relevant EU directives.
Procurement
In the course of the appraisal, the Bank will review the procurement procedures and require that they comply with the EU directives.
Status
Signed - 8/04/2013
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).