ESTONIAN RAILWAY INFRASTRUCTURE (EIB-20240665)

Countries
  • Estonia
Geographic location 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
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
Jul 29, 2025
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
EESTI RAUDTEE AS
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • 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)
$ 51.98 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 45
Converted using 2025-07-29 exchange rate.
Project Cost (USD)
$ 146.70 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 127
Converted using 2025-07-29 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Aug 21, 2025

Disclosed by Bank Apr 16, 2025


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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 Bank’s website, the project will finance the renewal and upgrade of railway infrastructure in Estonia.
In details, it consists of three components:
- electrification (new and upgrade) of Tallinn-Muuga section;
- renewal of railway infrastructure, track and buildings;
- the development of a Wagon Management System.

The aim is to increase the quality of rail services in the country and promote rail travel. Consequently, it should enhance sustainable transport, in line with EU objectives.
Being located in a convergence region and facilitating mobility, the project also promotes regional development.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

According to the Environmental and Social Data Sheet, the Project is crossing on existing alignment one Natura 2000 site – Seljamäe (EE0060211), protected under the Habitats Directive (section Kiltsi – Vägeva).

The following Natura 2000 sites are located in the Project’s vicinity up to 5 km:
1. Paljassaare (EE0010170) – Protected under the Birds Directive
2. Pirita (EE0010120) – Protected under the Habitats Directive
3. Anija (EE0010109) – Protected under the Habitats Directive
4. Parila (EE0010111) – Protected under the Habitats Directive
5. Maapaju (EE0010113) – Protected under the Habitats Directive
6. Kõrvemaa (EE0060171) – Protected under the Habitats Directive
7. Ilmandu (EE0060210) – Protected under the Habitats Directive
8. Ebavere (EE0060215) – Protected under the Habitats Directive
9. Äntu (EE0060212) – Protected under the Habitats Directive
10. Endla (EE0080172) – Protected under both Birds and Habitats Directives
11. Kärevere (EE0080371) – Protected under the Habitats Directive
12. Ropka-Ihaste (EE0080313) – Protected under both Birds and Habitats Directives

The competent authority concluded and confirmed that the Project is not likely to have significant negative effects on NATURA 2000 sites as per its letter issued in 2025.

The Project does not require land acquisition. It requires demolition of one existing non residential building (old hangar) .

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 Eesti Raudtee (English: Estonian Railways Ltd) is the national railway infrastructure management authority of Estonia. It owns a network of 1,191 kilometres (740 mi) of broad gauge (1,524 mm (5 ft)) railway throughout the country, including the 192 kilometres (119 mi) used by the Elron commuter trains around Tallinn. It is wholly owned by the Government of Estonia.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - EESTI RAUDTEE AS Client -

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 contacts available at the time of disclosure.

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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