Arad-Timisoara-Lugoj Motorway AFI

The project comprises the construction of a new motorway in western Romania (Pan European Transport Corridor IV) . The project represents the first phase of the development and comprises a 65 km long section of motorway connecting the cities of Arad and Timisoara.

Objectives

The project is a key element in the long-term development of Pan European Transport Corridor IV connecting the enlarged EU (including Hungary) and Romania. The proposed section will also provide an important link between the major towns of Timisoara and Arad.

Comments

Sector(s)

Transport

Proposed EIB finance (Approximate amount)

EUR 200 million.

Total cost (Approximate amount)

EUR 270 million.

Environmental aspects

The project would fall within Annex I of the directive 97/11/EC and therefore an EIA would be required. The promoter has prepared an Environmental Impact Study identifying all impacts and proposing mitigation measures. The Bank’s services will ensure that the procedures required under EU directives, including the completion of a full EIA, are undertaken to the satisfaction of the Bank.

Procurement

The promoter has confirmed that all contracts above the thresholds in the EU procurement directives will be let by international competitive tender with prior publication in the OJEC and in accordance with the EIB Guide to Procurement.

Status

Signed - 24/12/2003.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

Projects

Construction of section of new motorway in western Romania, linking towns of Arad and Timisoara, on Pan-European Corridor IV

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Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.