Release date: 26 November 2013
Promoter – Financial Intermediary
MONTENEGROLocation
Description
Rehabilitation of main and secondary roads and construction of city bypasses
Objectives
The project is expected to promote economic growth, facilitate trade, support private sector development and ultimately contribute to economic and social cohesion in the region. The project is therefore eligible under the Mandate of the Pre-Accession countries. It is estimated that some 54 km of roads will be constructed or upgraded and a 2.5km tunnel will be built.
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 66 million
Environmental aspects
The individual components of the project are investments of small and medium size that are likely to have reduced environmental and social impacts. If situated in the EU, these schemes would likely fall under Annex II of EIA Directive 2011/92/EU and therefore be subject to screening. Appropriate screening procedures, also in relation to natural habitats and protected species, as well as land acquisition/resettlement will be put in place in collaboration with the other co-financing potential partners. An appropriate Resettlement Policy Framework will be developed to address potential physical or economic displacement.
Procurement
The Bank will require the Promoter to ensure that any procurement procedures are done in accordance with the Bank’s Guide to Procurement and the relevant applicable EU public procurement rules.
Status
Signed - 27/06/2014
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).