UK PORTS UPGRADE - PORT OF SOUTHAMPTON

Promoter – Financial Intermediary

ASSOCIATED BRITISH PORTS

Location

• United Kingdom

Description

Upgrade of container berths and marine access channel at the Port of Southampton to accommodate large container vessels

Objectives

The project aims at providing the infrastructure needed to accomodate the current and next generation of ultra-large container ships which are expected to be deployed on the Far East-Europe routes.

Sector(s)

• Transport

Proposed EIB finance (Approximate amount)

EUR 87 million (GBP 70 million)

Total cost (Approximate amount)

EUR 174 million (GBP 140 million)

Environmental aspects

The upgrading of berths 201-202 has been the subject of a full EIA, including environmental impact studies (EIS), biodiversity assessments, and public consultation. The EIS non-technical summary (NTS) has been provided to the Bank. EIA procedures for the marine access channel deepening and widening works are underway. Compliance with the SEA directive, the Water Framework Directive, climate change adaptation issues, the EIA process and status of authorisations, biodiversity assessment requirements, residual impacts of the project, as well as compensation measures and monitoring for the project will be reviewed during appraisal.

Procurement

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.

Status

Signed - 5/07/2013