Release date: 6 March 2013
Promoter – Financial Intermediary
REPUBLIC OF CYPRUSLocation
Description
Co-financing of EU Operational Programmes in fields of Sustainable Development and Competitiveness; and Employment, Human Capital and Social Cohesion
Objectives
Support for Urban Renewal and regeneration (incl. Health), Environmental Protection, SME (including Mid Caps), Economic and Social Cohesion
Comments
Sector(s)
- Solid waste - Water supply; sewerage, waste management and remediation activities
- Composite infrastructure - Construction
- Urban development - Construction
- Services - Administrative and support service activities
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 1177 million
Environmental aspects
The project is a multi-scheme operation classified as a Framework Loan/Structural Programme Loan. Some of the schemes may eventually fall under Annex I or Annex II of the EIA Directive 2011/92/EU, or may have an impact on an area forming part of the Natura 2000 network. It is a requirement that all the schemes must be implemented in compliance with the EU environmental legislation.
Procurement
The Bank will require the Promoter 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. 2004/17/EC or 2004/18/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 30/05/2013
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).