Release date: 14 January 2008
Promoter – Financial Intermediary
FYR of MacedoniaLocation
Description
Construction of a new 28-km section of motorway on the Pan-European Corridor X in FYROM between Demir-Kapija and Smokvica.
Objectives
The purpose of the Corridor X project is to improve capacity, traffic safety and travel times on this section of the Pan-European Corridor X. The project is important for the economic development of FYROM and the neighbouring countries and will contribute to EU priority objectives under Article 267 (c).
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 130 million.
Total cost (Approximate amount)
EUR 260 million.
Environmental aspects
The Bank’s services, in co-operation with the European Commission, will take particular care to ensure that proper attention is given to all environmental concerns and appropriate mitigation measures are implemented, in line with the Bank’s relevant guidelines, including issues relating to nature conservation areas.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the Project shall be tendered in accordance with the EIB Guidelines and the relevant applicable EU procurement legislation with parallel publication of tender notices in the EU Official Journal.
Status
Signed - 17/10/2011
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).