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Signature(s)

Amount
€ 380,000,000
Countries
Sector(s)
Bulgaria : € 380,000,000
Transport : € 380,000,000
Signature date(s)
27/08/2007 : € 380,000,000
Link to source
Data sheet
Other links

Summary sheet

Release date
21 June 2006
Status
Reference
Signed | 27/08/2007
20060087
Project name
Promoter - financial intermediary
Transit Roads V project
Republic of Bulgaria, through the Ministry of Finance and the Ministry of Regional Development and Public Works/Roads Executive Agency.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 380 million
EUR 510 million
Location
Sector(s)
Description
Objectives

The project comprises the rehabilitation and upgrading of about 1500 km of priority transit roads in Bulgaria, grouped in several 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 and upgrading of priority transit roads in Bulgaria, totalling some 1500 km.

Environmental aspects
Procurement

Bulgaria is harmonising its environmental legislation in line with environmental standards mandated by relevant EU Directives including, for certain sectors, the application of transition periods. All schemes benefiting from EIB support need to fully comply with the EU environmental directives, in particular with regard to environmental impact assessment (EIA) procedures (Directives 85/337/EEC and 97/11/EC). It will be verified during appraisal that nature conservation and similar requirements are properly addressed. For road rehabilitation and reconstruction without change of alignment, a formal EIA is generally not required. For reconstruction including change of alignment and new bypass roads to cities, an EIA is required according to Bulgarian law, in compliance with EU directives. These issues will be reviewed during appraisal.

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

Comments

Road Infrastructure

Link to source
Other links

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.

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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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