EIB loan for Dublin Metro approved
| “The project represents a significant contribution to sustainable urban transport for Dublin”, said the bank’s vice president Plutarchos Sakellaris on Tuesday 11 May 2010. Dublin Metro is a public-private partnership (PPP) project and should be completed by 2016. "This decision is an important signal of confidence in this priority public transport project for Dublin. Metro North is now well on track for delivery in 2016. The oral hearing before An Bord Pleanala on the railway order application for Metro North, concluded in March this year. |
 |
The An Bord Pleanala decision is anticipated this summer," said Minister for Transport Noel Dempsey.
In addition, the Railway Procurement Agency has short-listed two PPP consortia under the PPP procurement process and will continue work with a view towards financial close in 2011.
The shortlisted consortia are Celtic Metro Group (Barclays Private Equity, Obrascon Huarte Lain, Mitsui, Soares da Costa, Iridium Concesionesde Infraestructuras S.A., CAF and MTR) and Metro Express (Macquarie Capital, Global Via Infrastructuras, Allied Irish Bank, Bombardier and Transdev RATP).
The Metro North project is designed to be the backbone of a future integrated public transport network in the Dublin region, as envisaged in the Dublin Development Plan 2011-2017. It will interchange with existing at-grade tramway LUAS lines, with the DART (Dublin Area Rapid Transit), and with suburban rail services.
Under the PPP, the Railway Procurement Agency (RPA) will appoint an infrastructure contractor to design, build, finance and maintain the Metro. The RPA will separately appoint an operator for the project and the operation element of the project is not included in the European Investment Bank defined project.
The project involves the design, construction and maintenance of Metro North, a light metro system serving an 18.8 km northern corridor from Dublin city centre to Fingal county, via Dublin Airport (17 stations, 21 trains to be acquired).
Sign in with a social network:
