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ROMANIA EU CO-FINANCING FOR GROWTH 2014-20

Signature(s)

Amount
€ 360,000,000
Countries
Sector(s)
Romania : € 360,000,000
Energy : € 10,800,000
Credit lines : € 28,800,000
Telecom : € 28,800,000
Services : € 64,800,000
Urban development : € 72,000,000
Education : € 136,800,000
Signature date(s)
15/07/2016 : € 10,800,000
15/07/2016 : € 18,000,000
15/07/2016 : € 28,800,000
15/07/2016 : € 28,800,000
15/07/2016 : € 64,800,000
15/07/2016 : € 72,000,000
15/07/2016 : € 136,800,000

Summary sheet

Release date
11 September 2015
Status
Reference
Signed | 15/07/2016
20150396
Project name
Promoter - financial intermediary
ROMANIA EU CO-FINANCING FOR GROWTH 2014-20
COUNTERPART(S) TO BE DETERMINED
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 400 million
EUR 7228 million
Description
Objectives

Structural programme loan (SPL) providing for the Romanian State's contribution during the 2014-2020 programming period to the EU cofinanced competitiveness operational programme and selected priorities from large infrastructures (LIOP) and investment for growth and jobs operational programmes.

The project will support smart and sustainable growth in Romania. In particular, it will aim at achieving the objectives established in the operational programmes for competitiveness (COP), investment for growth and jobs' goal (IGJOP) and for selected priority axes of the large infrastructure operational programme (LIOP). The sub-projects to be financed would involve research and development (R&D), ICT and e-government, innovation and human development investment in key sectors, including support for small and medium-sized enterprises (SMEs), education/training and social inclusion action, and employment promotion. The Bank's loan would also support some energy sector schemes, actions for air quality enhancement and rehabilitation of polluted sites.

Environmental aspects
Procurement

Romania, as an EU Member State, has transposed the relevant EU Directives 2011/92/EU and 2001/42/EC into national environmental legislation. The Bank's appraisal will focus on the promoter's environmental management capacity to properly apply Strategic Environmental Assessment (SEA) Directive 2001/42/EC and Environmental Impact Assessment (EIA) Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. All relevant key documents for the project will be published, in line with the Bank's disclosure policy.

The Bank will require the promoter, as a public administration entity, to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EC or 2004/17/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in national legislation. Details to be reviewed by the Bank's services during appraisal.

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).

Documents

Environmental and Social Data Sheet (ESDS) - ROMANIA EU CO-FINANCING FOR GROWTH 2014-20
Publication Date
4 Jan 2016
Document language
Main Topic
Lending
Document Number
63826730
Document Focus
Environmental Information
Project Number
20150396
Regions
Countries
Publicly available
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