Release date: 29 September 2023
Promoter – Financial Intermediary
ROMANIALocation
Description
The project involves the electrification and rehabilitation of the railway line Cluj Napoca-Oradea-Episcopia Bihor to the border with Hungary.
Objectives
The proposed operation is an investment loan to co-finance the upgrade of an existing 166 km railway line in north-western Romania. The project is located in an EIB Cohesion Priority Region and the railway is on the comprehensive Trans-European Transport Network (TEN-T) that connects Cluj-Napoca, Oradea, Episcopia Bihor to the border with Hungary. The main objective of the project is to electrify and upgrade railway infrastructure, to allow a maximum speed of up to 120 km/h (freight trains) and up to 160 km/h on certain sections for passenger trains, to ensure compliance with Technical Specifications for Interoperability (TSI) including installation of the European Rail Traffic Management System (ERTMS).
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 1976 million
Environmental aspects
The operation consists of rehabilitation and construction of railway transport infrastructure. Where and if applicable, the requirements of the Environmental Impact Assessment Directive 2011/92/EU as amended by Directive 2014/52/EU, Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC (to be completed as relevant/applicable) will be verified during appraisal The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate mitigation and pollution prevention and control.
Procurement
The Bank will require the promoter to ensure that contracts for implementation of the project have been and will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/24/EU / 2014/25/EU as well as Directive 92/13/EEC or Directive 89/665/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
Approved - 6/02/2024
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).