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According to the Bank’s website, the project consists of acquisition of new Electric Multiple Units, as well as infrastructure works on the rail network operated by GYSEV.
The new rolling stock and the infrastructure works will contribute to reducing the journey time, promoting more efficient operation, reducing maintenance costs, lowering energy consumption and increasing the level of comfort for passengers.
The electrification works will bring reduced emissions due to discontinuing use of diesel trains on this section. Indirectly, by improving services, the project will help railways compete with other modes, particularly private vehicles and air, 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.
In relation to the track construction and electrification, the compliance with the requirements of the environmental impact assessment (EIA) Directive and the development consents are to be reviewed during appraisal. The project's potential impacts on protected areas and species, in accordance with the Habitats Directive (92/43/EEC) and Birds Directive (2009/147/EC) will also be appraised.
The components related to acquisition of rolling stock do not fall under either Annex I or Annex II of the EIA 2011/92/EU as amended by Directive 2014/52/EU as manufacturing and use of rail rolling stock is not included in either list. 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.
All else equal, 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.
The Raaberbahn or GYSEV is a Hungarian-Austrian railway company based in Sopron, Hungary. The company is a joint enterprise of the states of Hungary (72%) and Austria (28%). Today, GYSEV operates six major railway lines in two countries and, with its European Economic Area license, carries rail passengers in both countries, as well as rail freight across Europe.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | Raaberbahn (GYSEV) | Client | - |
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