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    Signature(s)

    Amount
    € 60,000,000
    Countries
    Sector(s)
    Bulgaria : € 60,000,000
    Transport : € 60,000,000
    Signature date(s)
    25/04/2003 : € 60,000,000

    Summary sheet

    Release date
    17 January 2003
    Status
    Reference
    Signed | 25/04/2003
    20010702
    Project name
    Promoter - financial intermediary
    Transit Roads IV project - AFI

    Republic of Bulgaria
    Roads Executive Agency

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to 75% of eligible cost
    EUR 81 million
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the rehabilitation, upgrading and reconstruction of some 340 km of priority transit roads in Bulgaria, currently grouped into 10 lots. It is the Bank’s seventh road project in Bulgaria, and is an extension of the Bank’s earlier operations in the Bulgarian road sector.

    The rehabilitation, upgrading and reconstruction of priority transit roads in Bulgaria, totalling some 340 km.

    Environmental aspects
    Procurement

    In general, rehabilitation works of existing road infrastructures are not expected to generate substantial adverse impacts on the environment. Schemes of this type are therefore not subject to compulsory Environmental Impact Assessments, either under Bulgarian law (Environmental Protection Act, 1991 and Regulation on Environmental Impact Assessment, 1995) or the Directive applicable in the EU Member Countries (EEC/335/85 and subsequent amendments). Assessment of the environmental risk for each scheme will be undertaken by the technical assistance consultants.

    Procurement will take place in line with the Bank’s procedures.

    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).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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