Release date: 15 October 2024
Promoter – Financial Intermediary
LA BANQUE POSTALELocation
Description
The operation is a multi-country framework loan to finance the modernisation and rehabilitation of railway freight, passenger rolling stock and related infrastructure, primarily in France and across Europe. Investments that facilitate the deployment of smart green urban mobility projects, including alternative fuels infrastructure (such as charging and refuelling stations), low or zero emission mobile assets, and digital investments (software and IT systems) as well as the renewal of other types of urban and interurban public transport vehicles (bikes, buses, coaches, metros and tramways) are also considered. aims at supporting investments in sustainable railway and urban mobility in France and across Europe.
Objectives
The aim is to support public and private entities' investment projects in sustainable railway and urban mobility, primarily in France and across Europe.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 1372 million
Environmental aspects
The project is a multi-scheme framework, therefore the need for an environmental impact assessment (EIA), in accordance with Directive 2011/92/EU (as amended by Directive 2014/52/EU), may vary depending on the characteristics of each scheme and will be analysed on a case by case basis. Any potential significant impacts on protected areas and the need for an appropriate assessment in accordance with the Habitats Directive 92/43/EEC will also be analysed on a case by case basis. The EIB will also specifically assess the arrangements for scrapping of the dismissed rolling stock. The project is expected to generate a substantial level of environmental benefits in terms of reduced air pollution, greenhouse gas emissions and noise, in particular in urban areas.
Procurement
The promoter shall ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, with publication of tender notices in the Official Journal of the EU, as and where required.
Status
Signed - 18/06/2024
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).