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Reference: 20210597
Release date: 20 April 2022

Promoter – Financial Intermediary

DOPRAVNI PODNIK HL M PRAHY AS

Location

Description

The project involves; 1. construction of I.D1 of the Prague Metro Line D from Pankrác to Nové Dvory 2. construction of a passenger connection at Pankrác between Metro Lines C and D 3. construction of a rail connection for trains from Line D to access line C 4. construction of 5 metro stations (Pankrác, Olbrachtova, Nadrazi Krc, Nemocnice Krc and Nove Dvory) 5. Procurement of 10 sets of metro trains comprising 5 cars each

Objectives

The new line should diversify public transport options and improve quality of travel in the southern part of the city of Prague, which is currently not served by an underground line, reduce road congestion and associated externalities such as local pollution, contribute towards reduction of greenhouse gas (GHG) emissions from transport as well as improve road safety. Though other public transport services in the area of the proposed metro already exist, it is expected that this project will lead to a modal shift to public transport as metro systems are better placed to compete with private vehicles (as opposed to buses).

Sector(s)

Proposed EIB finance (Approximate amount)

CZK 22763 million (EUR 921 million)

Total cost (Approximate amount)

CZK 45526 million (EUR 1843 million)

Environmental aspects

The infrastructure works (metro and tramway extensions) fall under Annex II of the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Compliance with the EIA Directive will be checked at appraisal.

Procurement

The Bank will require the Promoter to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/25/EU as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

Status

Approved - 15/06/2022

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).

Related tags

Czechia Transport