Release date: 2 May 2002
Promoter – Financial Intermediary
Ministry of Agriculture of the Czech Republic, with the River Boards and the Agricultural Water Management Authority as implementing agencies.Location
Description
The project concerns the first stage of the national Flood Protection Strategy and includes a number of priority schemes designed to mitigate flood risk in favour of an estimated 550 000 population.
Objectives
The measures implemented by the project will safeguard human health, contribute to river basin management in line with the EU Water Framework Directive, and support the trans-boundary activities of the river basin commissions of Elbe, Oder and Danube. The project is a pre-requisite for lowering the risk of future economic disruption as well as for a stable economic development in the affected regions and will improve the quality of life of the people residing in the Morava, Oder and Elbe basins.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 60 mio for a first tranche
Total cost (Approximate amount)
Cost estimated by the Bank at EUR 197 mio. Cost of the first tranche estimated by the promoter at EUR 120 mio
Environmental aspects
Schemes are screened and, where applicable, EIAs will be carried out in line with EU Directives 97/11/EC amending 85/337/EEC and 92/43/EEC.
Procurement
In line with EU Procurement Directives, tenders for schemes of a cost in excess of EUR 5 m will be published in the OJ of the EU. The others will be subject to national tendering advertised according to Czech law.
Status
Signed - 28/05/2002
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).