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Signature(s)

Amount
€ 43,324,915
Countries
Sector(s)
Romania : € 43,324,915
Solid waste : € 10,831,228.75
Water, sewerage : € 32,493,686.25
Signature date(s)
9/01/2007 : € 3,055,875
10/11/2008 : € 7,775,353.75
9/01/2007 : € 9,167,625
10/11/2008 : € 23,326,061.25
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Summary sheet

Release date
8 November 2005
Status
Reference
Signed | 09/01/2007
20050379
Project name
Promoter - financial intermediary
Municipal Environment Infrastructure
Five Romanian local government authorities or local utility companies in Galati, Caras Severin, Iasi and in the Dambovita county.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
EUR 190 million
Description
Objectives

The project concerns priority improvement schemes in the water sector (water supply and wastewater infrastructure) and in the waste management sector.

The objective of the project is to improve the quality and efficiency of the services as well as to support the country’s efforts to comply with EU directives. The operation will be undertaken in close co-operation with the ISPA country programme and all sub-projects will be co-financed with ISPA.

Environmental aspects
Procurement

The project involves improvements to the wastewater and solid waste management infrastructuire in several regions in Romania and will assist the country in harmonising its environmental standards to EU regulations. The project has an overall positive environmental impact. Environmental impact studies will be carried out as applicable (condition of ISPA grant assistance) and mitigating and/or compensation measures applied as necessary. The project promoter is required to respect the requirements of EU Directive 97/11/EC, amending 85/337/EEC.

Procurement will be carried out in accordance with the ISPA implementation procedures, which follow the principles of the respective EU procurement directives including, where required, publication of tender notices in the EU Official Journal.

Comments

Solid waste management.

Link to source

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).

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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.
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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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