ORADEA URBAN INFRASTRUCTURE II

Promoter – Financial Intermediary

MUNICIPALITY OF ORADEA

Location

• Romania

Description

Urban infrastructure investments in Oradea mainly focusing on energy efficiency, renewable energy, sustainable transport, urban development and urban roads. All schemes will be located in Oradea, the 10th largest city in Romania, on the North-West fringe of the country.

Objectives

The investments will further the economic development of Oradea through the successful implementation of projects that contribute to the EIB public policy goals of improving socio-economic infrastructure, supporting the environment and achieving cohesion objectives.

Sector(s)

• Urban development - Construction

Proposed EIB finance (Approximate amount)

EUR 35 million

Total cost (Approximate amount)

EUR 133 million

Environmental aspects

Romania, as an EU Member State, has harmonised its environmental legislation in line with the relevant EU Directives (Directive 2014/24/EU amending Directive 2011/92/EU and Directive 2001/42/EC). The Bank's appraisal will focus on the promoter's environmental management capacity to properly apply the EU SEA Directive 2001/42/EC, the EU EIA Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. Compliance with the EU Directive on the Energy Performance of Buildings (recast) (2010/31/EU) will be further examined during appraisal.

Procurement

The Bank will require the promoter to ensure that contracts for the implementation of the projects will be tendered in accordance with the relevant applicable EU procurement legislation, Directives 2014/24/EU, 2014/25/EU and/or 2014/23/EU, where applicable, as well as Directive 89/665/EEC as interpreted by the Court of Justice of the European Union, with publication of tender notices in the Official Journal of the European Union, as and where required.

Status

Signed - 20/12/2017