MODERNIZATION ELIN PELIN-KOSTENETS RAILWAY SECT

Promoter – Financial Intermediary

REPUBLIC OF BULGARIA

Location

• Bulgaria

Description

The Project "Modernization of the Sofia - Plovdiv railway line: railway section Elin Pelin - Kostenets" concerns the rehabilitation of railway infrastructure on the Trans-European Transport Network (TEN-T) core corridor. The implementation of the project will contribute to eliminate the current bottleneck on the corridor through Bulgaria and support the development of the Orient/East Med corridor on the territory of the country.

Objectives

The project will contribute to eliminate the current bottleneck on the TEN-T core corridor across Bulgaria.

Sector(s)

• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

EUR 555 million

Environmental aspects

It is a requirement that all sub-projects must be implemented in compliance with EU environmental legislation and the Promoter has identified those sub-projects for which it considers an environmental impact assessment (EIA) is required. Should any sub-project 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 2009/147/EC), the Bank would require the Promoter to act according to the provisions of the aforementioned directives as transposed into national law. These matters will be clarified during the appraisal.

Procurement

The Promoter has 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 2014/25/EU and related Directive 92/13/EU) as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.

Status

Approved - 16/07/2020