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Signature(s)

Amount
€ 300,000,000
Countries
Sector(s)
Romania : € 300,000,000
Composite infrastructure : € 300,000,000
Signature date(s)
27/12/2005 : € 300,000,000
Link to source

Summary sheet

Release date
14 October 2005
Status
Reference
Signed | 27/12/2005
20040500
Project name
Promoter - financial intermediary
Flood Damaged Roads Reconstruction
Romania, acting through the Ministry of Public Finance.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 261 million.
EUR 526 million.
Description
Objectives

The project consists of the restoration of roads and waterways damaged in the floods of 2004, affecting seventeen counties in Northern Romania, and works to prevent the recurrence of similar events.

Re-establishing normal economic activity as soon as possible. Reconstruction and preventive works will contribute to the reduction of risk from future re-occurrence of similar problems.

Environmental aspects
Procurement

Schemes are mainly small and mainly replacement of existing infrastrucuture and therefore have little or no new impact on the environment. All schemes will have to take into account the requirements of the Law on Environmental protection 137/1995, which is in line with EU requirements.

The Ministries of Finance and of Transport are accustomed to and use the standard Bank requirements.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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