ORADEA URBAN INFRASTRUCTURE

Promoter – Financial Intermediary

MUNICIPALITY OF ORADEA

Location

• Romania

Description

Co-financing of EU-funded multi-sector projects promoted by the municipality of Oradea mainly in the sectors of tourism and urban infrastructure. The multi-annual investment programme is expected to be implemented between 2014 and 2016.

Objectives

The multi-sector schemes to be financed are expected to contribute to the implementation of the urban strategy of the city. The project should also contribute to the overall development of the city and enhancement of business, tourism and living conditions. Furthermore, the project should contribute to reaching an acceptable level of investment quality and economic performance.

Sector(s)

• Industry - Construction
• Services - Arts, entertainment and recreation

Proposed EIB finance (Approximate amount)

EUR 23 million

Total cost (Approximate amount)

EUR 67 million

Environmental aspects

The project comprises a multi-scheme operation and some of the schemes may fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU. Should any scheme have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC), the Bank would require the promoter to act according to the provisions of the aforementioned directives, as transposed into national law. It is a requirement that all schemes must be implemented in compliance with 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 (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Status

Signed - 25/03/2015