S-BAHN HANNOVER ROLLING STOCK (EIB-20160664)

Countries
  • Germany
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Region Hannover (lead management) and Landesnahverkehrsgesellschaft Niedersachsen mbH (LNVG)
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ EIB website

Updated in EWS Apr 27, 2017

Disclosed by Bank Apr 25, 2017


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Project Description
DESCRIPTION The project consists of the purchase of electric multiple units (EMUs) and associated equipment to provide regional passenger rail services on the S-Bahn network around Hanover in Germany. OBJECTIVES The project will help to maintain and may improve the public transport service on the S-Bahn around Hanover in Germany. The project will contribute to maintaining public transport competitiveness and attractiveness, thus preventing a modal shift towards private transport, and improve commuting and mobility in the region. The project is in line with the key EU objectives of protection and enhancement of the urban environment and creation of sustainable cities and communities. ENVIRONMENTAL ASPECTS The investment proposed under the project does not fall under either Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU, as manufacturing of rail rolling stock is not included in either list. The need for EIA and/or assessment according to the Habitats Directive for associated facilities (e.g. maintenance workshops or depots) will be analysed during the appraisal. The project is expected to have a positive environmental impact by helping the railways to maintain modal share in key sections of the passenger market that are most appropriately met by rail. PROCUREMENT The Bank will require the promoter to ensure that contracts for the implementation of the project shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 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.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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