FEHMARNBELT TUNNEL LINK (EIB-20170479)

Countries
  • Denmark
Where the impacts of the investment may be experienced.
Specific Location
Scandinavian - Mediterranean Trans-European Transport Core Network (TEN-T) Corridor.
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
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
SUND OG BAELT HOLDING A/S
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)
$ 234.44 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 200 million
Converted using 2018-05-24 exchange rate.
Loan Amount (USD)
$ 234.44 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 200 million
Converted using 2018-05-24 exchange rate.
Project Cost (USD)
$ 820.55 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 700 million
Converted using 2018-05-24 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Sep 11, 2018

Disclosed by Bank Aug 29, 2018


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Project Description

According to EIB website, the project consists of the upgrading of the Danish railway access line, between Ringsted and Rodby, linking to the future Fehmarnbelt tunnel between Denmark and Germany. It aims to improve the railway line connection to the Fehmarnbelt tunnel on the Danish side. The upgrade includes the increase of line speed to 200 km/h for passenger trains, electrification of the track, constructing a double track for the whole section and equipping the track with European Rail Traffic Management System (ERTMS) Level 2 baseline 3. 

Further, the project consists of the modernisation and electrification of existing railway infrastructure and is to be carried out mainly within existing rights of way or on new alignment of twin track, thus it will be subject to an EIA.

Investment Description
  • European Investment Bank (EIB)
Private Actors

Sund & Baelt Holding A/S, through its subsidiaries, primarily owns and operates fixed links in Denmark and internationally. It operates and maintains four ferry ports, including Odden, Ebeltoft, Spodsbjerg, and Tårs located in the north and south of the Storebaelt link; Storebaelt motorway, railway, and bridge; and the Øresund motorway, railway, and bridge, as well as undertakes land works. The company also designs and plans a fixed link across the Fehmarn belt between Denmark and Germany; and provides client consultancy services in relation to infrastructure projects, and transport and financial planning.

Contact Information

No contact information provided at the time of disclosure. 

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