NORMANDIE MATERIEL ROULANT (EIB-20160845)

Countries
  • France
Where the impacts of the investment may be experienced.
Specific Location
Normandie Region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Approved
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.
Voting Date
Oct 16, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Region Normandie
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 Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 165.15 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 140 million
Converted using 2017-10-16 exchange rate.
Loan Amount (USD)
$ 165.15 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 140 million
Converted using 2017-10-16 exchange rate.
Project Cost (USD)
$ 908.33 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 770 million
Converted using 2017-10-16 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 12, 2018

Disclosed by Bank Jun 6, 2017


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Project Description

According to EIB website, the project is for the acquisition of rolling stock for intercity rail services on the Paris-Rouen-Le Havre and Paris-Caen-Cherbourg / Trouville-Deauville routes in the Normandie Region with certain adaptations of rail infrastructures. The operation is in line with the orientations of the Regional Infrastructure and Transport Schemes (SRIT) of the former Haute-Normandie and Basse-Normandie regions. The new rolling stock will replace the existing rolling stock, which has reached the end of its economic life, and will offer users a more capable solution adapted to the identified markets of travelers in the territory.

The project is acceptable for EIB's financing in terms of environmental aspect but with conditionalities as presented in the Environmental and Social Data Sheet.

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure. 

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