RENOUVELLEMENT RESEAUX METRO ET TRAMWAY DE LYON (EIB-20230396)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • France
Geographic location where the impacts of the investment may be experienced.
Specific Location
Lyon, Rhone, Saint-Priest
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 2, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Sytral Mobilities (Syndicat mixte des Transports pour le Rhône et l’Agglomération Lyonnaise)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Infrastructure
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 438.55 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 397
Converted using 2024-10-02 exchange rate.
Loan Amount (USD)
$ 438.55 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 397 million
Converted using 2024-10-02 exchange rate.
Project Cost (USD)
$ 875.99 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 793 million
Converted using 2024-10-02 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Oct 13, 2024

Disclosed by Bank Jul 12, 2024


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the EIB, this is the first allocation under the framework loan 2021-0107 LYON TRANSPORTS URBAINS 2026, financing investments to increase capacity and improve service quality on the metro and tram networks, particularly on those lines with levels of saturation.

The components included in the allocation are the following:
- the upgrade of metro line B to a fully automated metro system, including the renewal of the signalling system and the purchase of 28 new trains;
- the renewal of 26 existing metro trains dedicated to metro line A to extend their economic life;
- the renewal and upgrade of 4 metro stations on line A;
- a new traffic control centre for the metro network;
- the purchase of 35 trams of 43 metres and the upgrade of the tram infrastructure of lines T1 and T2 to make it compatible with the operation of longer trams and the renewal and upgrade of the ticketing system of the whole urban public transport network.

The aim is to contribute to the promoter's strategic objectives for sustainable urban mobility, the energy transition and climate change mitigation, as set out in its urban transport plan and the Grand Lyon energy and climate plan. Investments will help to achieve the objectives set in such plans, namely reducing the modal share of passenger cars from 44% to 35% by 2030 in favour of non-motorised and public transport and reducing CO2 emissions by 43% compared to 2000.

The project will therefore provide economic benefits with an improvement in the efficiency and quality of public transport services.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated on the company's website (translated with DeepL.com), on January 1, 2022, SYTRAL Mobilités became a local public establishment, replacing the former syndicat mixte.

The ordinance of April 8, 2021 formalizes its creation and sets out its purpose and scope.

The new transit authority for the Lyon area will bring together the Metropole de Lyon, the Villefranche Beaujolais Saône and Ouest Rhodanien agglomeration communities, the 9 communities of communes in the Rhône department and the Auvergne-Rhône-Alpes Region (in its role as leader of regional intermodality).

It retains its initial role as organizing authority for regular public transport, on-demand public transport, school transport services and the express link between Lyon and Lyon Saint-Exupéry airport, on the scale of an enlarged mobility basin comprising 13 Rhône communities, serving 263 communes in an area of over 1.8 million inhabitants.

A genuine institutional innovation, the structure's scope of action makes it an exception in France, giving it a leading role to play.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - SYTRAL Mobilities Client Transport

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No project contacts provided at the time of disclosure.

Client - Sytral Mobilities:

Address: 21 boulevard Vivier Merle - CS 63815, 69487 Lyon cedex 03
Phone: +33 4 72 84 58 00
Website: https://www.sytral.fr/

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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