MATERIEL ROULANT NOUVELLE AQUITAINE - OCCITANIE

Promoter – Financial Intermediary

REGION NOUVELLE-AQUITAINE,REGION OCCITANIE

Location

• France

Description

The project consists of the acquisition of new rolling stock and modernisation of existing rolling stock for regional passenger services in the Nouvelle Aquitaine and Occitanie Regions in France.

Additionality and Impact

The project consists of the acquisition of new and modernisation of existing rolling stock to be

used for rail services in the regions Nouvelle Aquitaine and Occitanie. The new and modernised

rolling stock will contribute to increasing the rail offer and quality of rail services offered in the

regions, reducing the journey time, promoting more efficient operation, reducing maintenance

costs, lowering energy consumption and increasing the level of comfort for passengers. Indirectly,

by improving services, the project will help railways compete with other modes, particularly private

vehicles, so as to maintain or improve its modal share. Shifting passenger flows from other modes

to rail may result in reduced vehicle operation costs, safety and environmental benefits.

The project will facilitate access to rolling stock by various rail operators and consequently

facilitate the competition for public service contracts and the liberalisation of rail services in line

with the provisions of Regulation 1370/2007 and the 4th railway package. The project is located

in an EIB cohesion regions, thus improving their accessibility and the mobility of their population.

Thereby the project will support the strengthening of the EU's economic, social and territorial

cohesion.

EIB's loan plays an important role in securing a competitive overall financing of the operation,

sending a positive signal to commercial co-lenders and contributing to the robustness of the

business case. It reduces the borrower's funding cost and provides a stable long-term funding base."

Objectives

The aim is to improve the overall quality of the rolling stock fleet in the two Regions and introduce some innovative technologies (hydrogen) in order to replace diesel traction. This, in addition to the benefits stemming from the modal shift, will reduce the specific energy consumption of the rolling stock fleet itself. The project implementation arrangements will be further appraised.

Sector(s)

• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 450 million

Total cost (Approximate amount)

EUR 904 million

Environmental aspects

The project does not fall under either Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended by Directive 2014/52/EU. The need of EIA and/or assessment according to the Habitats Directive for associated facilities (e.g. maintenance workshops or depots) will be analysed during the appraisal. In addition, the arrangements for the scrapping of the replaced stock, if any, will be checked during appraisal.

Procurement

The promoter has to ensure that contracts for implementation of the project have been/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 EU Official Journal, as and where required. In the case of the new trainsets, the rolling stock is being procured under two existing framework contracts, valid until October 2023 and August 2025, for which the contract and award notices were published in the OJEU (2007/S 247-302465, 2008/S 134 18028, 2009/S 221-317680 and 2010/S 59-087369). These framework contracts were procured in accordance with the relevant EU legislation applicable at the time: Directive 2004/17/EC, as well as Directive 92/13/EEC.

Status

Signed - 13/06/2024