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Signature(s)

Amount
€ 31,955,000
Countries
Sector(s)
Estonia : € 31,955,000
Transport : € 31,955,000
Signature date(s)
19/11/2008 : € 31,955,000
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Summary sheet

Release date
10 April 2008
Status
Reference
Signed | 19/11/2008
20070051
Project name
Promoter - financial intermediary
Tallinn Municipal Infrastructure

City of Tallinn

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 64 million.
EUR 168 million.
Location
Sector(s)
Description
Objectives

The project consists of financing small and medium sized road improvement schemes forming part of the Municipality’s four-year investment programme from 2008 to 2011.

The road enhancement and reconstruction schemes will be located within the City of Tallinn, a Convergence objective region. The project will promote favourable conditions for economic and social development in line with the Bank’s criteria on sustainable cities.

Environmental aspects
Procurement

Compliance with EU environmental directives and national laws shall be ensured. The Bank’s appraisal will focus on the Promoter’s environmental management capacity and on the verification of the respect of their proper application both for the global programme and for each of the selected road schemes, including undertakings of SEA/EIA’s and an assessment of the requirements of the Habitat and Bird Directives where appropriate. All relevant key documents for the project will be published, in line with public disclosure and information policy of the Bank.

Compliance with the EU procurement Directives (namely 2004/18/EC and 2004/17/EC) and national laws shall be ensured. Tenders will be organised in compliance with EU requirements, with publication of tender notices in the EU Official Journal for projects above thresholds. Proper application of EU procedures by the Estonian authorities for the tender of services, supplies and civil works will be reviewed by the Bank’s services during appraisal.

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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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