Release date: 2 July 2015
Promoter – Financial Intermediary
REPUBLIQUE DE CHYPRELocation
Description
Structural programme loan supporting the 2014-2020 Partnership Agreement of the Republic of Cyprus.
Objectives
Economic and social cohesion; environmental sustainability; increase in growth and employment potential
Sector(s)
- Health
- Telecom
- Services
- Water, sewerage
- Urban development
- Education
- Credit lines
- Transport
- Solid waste
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 928 million
Environmental aspects
Cyprus, as an EU Member State, has transposed the relevant EU Directives 2011/92/EU and 2001/42/EC into national environmental legislation. The Bank’s appraisal will focus on the promoter’s environmental management capacity to properly apply the Strategic Environmental Assessment (SEA) Directive 2001/42/EC, the Environmental Impact Assessment (EIA) Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. All relevant key documents for the project will be published, in line with the Bank’s disclosure policy.
Procurement
The Bank will require the promoter, as a public administration entity, to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EC or 2004/17/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate. The details will be reviewed by the Bank’s services during appraisal.
Status
Signed - 2/11/2015
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).