| Project Detail |
The project consists of modernisation of the railway line between Praha-Veleslavin and Praha-Ruzyne, construction of new railway line between Praha-Ruzyne and Václav Havel Airport Prague railway station (including construction of the station) as well as construction of the railway rounding link from the airport to the main railway line Prague-Kladno. It is part of a larger project aimed at connecting the city centre of Prague with the Vaclav Havel Airport Prague and Kladno. The project is to be procured through an availability-based PPP model, including the Design, Build, Financing and Maintenance of the abovementioned railway sections.
Objectives
The Project increases competitiveness of rail and promotes shift of traffic from road to rail, enhancing sustainable transport in line with EU objectives and reducing negative transport externalities, thus addressing important market failures. These externalities include pollution reduction from the road diesel/petrol engines and the related noise and CO2 emissions. Furthermore, increased modal share of rail as the safest mode of land transport will lead to reduction of fatalities and serious accidents and the associated human suffering. The Project supports the deployment of the European Rail Traffic Management System, which creates network-wide benefits that are higher than those experienced by individual operators providing rail services on the network. The line is partly (12%) located in and leads to Central Bohemia, which is a transition region, improving its accessibility and contribution to its economic growth. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate change mitigation. The Project is therefore eligible under Article 309 points (a) "less developed regions" and (c) "common interest".
Sector(s)
Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
EUR 1350 million |
