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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
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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.

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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