Release date: 11 October 2013
Promoter – Financial Intermediary
ROMANIALocation
Description
The project will support afforestation, forest rehabilitation, improved forest management, increased use of renewable energy, energy efficiency and small-scale rural and agricultural infrastructure. Specific, long-term environmentally-orientated RDP measures will be included. The operation will target selected elements of 8 Rural Development Programme measures from Axes 1, 2 and 3 plus Technical Assistance.
Objectives
The project will generate economic benefits in terms of employment, rural development and support to SMEs. The project will contribute to EU policy objectives in the fields of climate change, biodiversity protection and soil management. As the schemes are spread out in the country, the project will also support development in less-developed regions.
Comments
Romania’s current RDP, which has been developed in close co-operation with DG AGRI, is the country’s first full RDP as an EU Member State. It is a tool which lays foundations for structural modernisation and development of the country’s agriculture and forestry sectors. By supporting the government’s national contribution to these selected environmentally-orientated measures, this project will help to ensure timely implementation, directly contributing to successful long-term viability of the selected components of this important programme.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 4320 million
Environmental aspects
Certain project activities may require an EIA if deemed necessary by the competent authority, in accordance with Annex II of EIA Directive (85/337/EEC). Where an action may affect a Natura 2000 site (designated according to Habitats Directive 92/43/EEC / Birds Directive 79/409/EEC), the Bank will require the promoter to follow the directives’ procedures as transposed into national law and to complete Forms A or B as appropriate.
Procurement
The promoter is a public entity and therefore subject to procurement procedures complying with directive 2004/18/EG.
Status
Signed - 24/12/2013
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).