Release date: 19 January 2007
Promoter – Financial Intermediary
Plus Discount Romania SCSLocation
Description
The project encompasses the construction and operation of approximately 70 hard discount retail outlets in Romania under the "Plus" brandname as well as a regional distribution centre in Cluj.
Objectives
The project will create significant new direct and indirect employment and will support the ongoing modernisation of the Romanian retail sector, which is lagging behind as compared to other acceding countries in terms of retail modernisation.
Comments
Wholesale and Retail Trade
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 80 million.
Total cost (Approximate amount)
EUR 200 million.
Environmental aspects
The project does not fall under the EC Directive 97/11 on environmental impact assessment. However, Romanian legislation could require environmental impact assessments for the project. During the evaluation process the environmental studies required to obtain the building permits will be analysed.
Procurement
The promoter is a privately owned entity and not covered by EU procurement directives. The procurement will follow procedures usually applied by the retail industry, which appear suitable for the project.
Status
Signed - 16/04/2007
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).