Release date: 21 October 2002
Promoter – Financial Intermediary
Public and private sector entities affected by the floods.Location
Description
Rehabilitation of public and private damaged infrastructure and support to SMEs affected by August 2002 floods.
Objectives
The Emergency Framework Loan will support urgent actions to allow normal economic and social activity to resume in the affected regions. The schemes eligible for the Bank's loan will be part of an overall program to restore basic infrastructure, public services and re-launch productive economic activities. The Emergency Framework Loan will build on the Bank's recent experiences of rapidly responding to and monitoring reconstruction programs following comparable natural disasters.
Comments
Public, industrial, commercial and private infrastructure in the transport, environment and social sectors.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 1 billion
Total cost (Approximate amount)
Provisional estimates of extent of damages presented to the Bank amount to some EUR 25bn.
Environmental aspects
The projects are expected to be essentially reinstatement of existing infrastructure in accordance with EU EIA Directive 97/11 EC and national planning requirements including environment.
Procurement
As a first reaction to the floods some authorities have accepted a general exemption from full tender procedures as provided for in the Directive 93/37 EEC and furthermore justified by the small size of the interventions.
Status
Signed - 22/10/2002
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).