NATIONAL ROADS III

Promoter – Financial Intermediary

MINISTRY OF TRANSPORT, COMMUNICATIONS AND WORKS - REPUBLIC OF CYPRUS

Location

• Cyprus

Description

The project consists of the construction and improvement of roads and motorways implemented by the Public Works Department of the Ministry of Transport, Communication and Works in the Republic of Cyprus.

Objectives

The project aims to improve traffic conditions on several sections of the Cyprus motorway and road network. Transport user benefits are expected from time savings, reduced operating costs, fewer accidents and lower environmental externalities, in addition to wider economic benefits from improved accessibility.

Sector(s)

• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 100 million

Total cost (Approximate amount)

EUR 220 million

Environmental aspects

The projects included under this operation fall under Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive (Directive 2014/52/EU amending the EIA Directive 2011/92/EU). Compliance with the EIA Directive in addition to the Strategic Environmental Assessment (SEA) Directive (2001/42/EC) and Birds and Habitats Directives (2009/147/EC and 92/43/EEC respectively, as amended) is to be assessed during the appraisal.

Procurement

The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.

Status

Under appraisal - 24/05/2018