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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    Romania : € 200,000,000
    Transport : € 200,000,000
    Signature date(s)
    24/12/2003 : € 200,000,000

    Summary sheet

    Release date
    20 November 2003
    Status
    Reference
    Signed | 24/12/2003
    20020091
    Project name
    Promoter - financial intermediary
    Arad-Timisoara-Lugoj Motorway AFI

    National Administration of Roads (NAR) in the Ministry of Public Works, Transport and Housing.
    38 Dinicu Golescu Blvd.
    77113 Bucharest Sector 1

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 200 million.
    EUR 270 million.
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the construction of a new motorway in western Romania (Pan European Transport Corridor IV) . The project represents the first phase of the development and comprises a 65 km long section of motorway connecting the cities of Arad and Timisoara.

    The project is a key element in the long-term development of Pan European Transport Corridor IV connecting the enlarged EU (including Hungary) and Romania. The proposed section will also provide an important link between the major towns of Timisoara and Arad.

    Environmental aspects
    Procurement

    The project would fall within Annex I of the directive 97/11/EC and therefore an EIA would be required. The promoter has prepared an Environmental Impact Study identifying all impacts and proposing mitigation measures. The Bank’s services will ensure that the procedures required under EU directives, including the completion of a full EIA, are undertaken to the satisfaction of the Bank.

    The promoter has confirmed that all contracts above the thresholds in the EU procurement directives will be let by international competitive tender with prior publication in the OJEC and in accordance with the EIB Guide to Procurement.

    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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