BELARUS TRANSPORT CONNECTIVITY

Promoter – Financial Intermediary

PUBLIC ENTITY(IES)

Location

• Belarus

Description

The project consists of the reconstruction of M6 highway running from Minsk to the Polish border (financed by the World Bank) and M7 highway running from Minsk to the Lithuanian border (to be financed by the European Investment Bank). The EIB financing will also cover an investment in associated border crossing infrastructure on the M7 highway at Kamenny Log, on the Belarusian side of the border.

Objectives

The loan aims at improving the quality of the road, increasing throughput capacity, creating safer road conditions and reducing pollution and emissions.

Sector(s)

• Transport - Transportation and storage

Under ELM Guarantee

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Proposed EIB finance (Approximate amount)

EUR 110 million

Total cost (Approximate amount)

EUR 350 million

Environmental aspects

During appraisal the Bank will review the Environmental Impact Assessment (EIA) process to confirm that it complies with applicable domestic legislation, the principles laid out in the EU directives and any other relevant international conventions to which the Republic of Belarus is party, including an assessment of any cross-border impact of the project on the environment. Appraisal will also review the proposed arrangements for monitoring measures that seek to avoid, mitigate or compensate for negative environmental or social impacts.

Procurement

The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement. The calls for tender and the award notices will be published in the Official Journal of the European Union as appropriate.

Status

Signed - 24/07/2019