Release date: 16 June 2009
Promoter – Financial Intermediary
City of Sofia
Location
Description
Rehabilitation of three of the main traffic nodes of Sofia’s road network.
Objectives
Improvement of the quality of circulation and road safety.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 35 million.
Total cost (Approximate amount)
Up to EUR 70 million.
Environmental aspects
As a Member State, Bulgaria has harmonised its environmental legislation in line with the relevant EU Directives (85/337/EC, as amended, and 2001/42/EC). The schemes would most likely fall outside both Annex I and II of the EU EIA Directive, however this screening will be performed by the Competent Authority on a case-by-case basis. Details on each scheme will be checked at appraisal stage, when the relevant specific information is available and can be analysed.
Procurement
The promoter is a public entity subject to EU Public Procurement rules. EU Directives (2004/18/EC and 2004/17/EC) have been transposed into national legislation. Tenders will be/have been organised in compliance with EU requirements, with publication of tender notices in the EU Official Journal for projects above thresholds. Procurement procedures are therefore satisfactory to the Bank.
Status
Signed - 22/10/2009
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).