Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount (.*)
    € 55,250,000
    Countries
    Sector(s)
    Armenia : € 55,250,000
    Transport : € 55,250,000
    Signature date(s)
    4/12/2019 : € 4,250,000
    29/01/2016 : € 51,000,000
    (*) Including a € 4,250,000 Investment Grants provided by the NEIGHBOURHOOD INVESTMENT PLATFORM

    Summary sheet

    Release date
    3 September 2015
    Status
    Reference
    Signed | 29/01/2016
    20110566
    Project name
    Promoter - financial intermediary
    ARMENIA M6 INTERSTATE ROAD
    Ministry of Transport and Communication
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 51 million
    EUR 102 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the rehabilitation and upgrading of about 90 kilometres of the M6 interstate road between Vanadzor in central Armenia and Bagratashen at the northeastern border with Georgia.

    The rehabilitation of the M6 road corridor will contribute to the development of trade, regional integration and interconnectivity, which are important factors for economic growth.

    Environmental aspects
    Procurement

    If the project were located in the EU, it would fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EC, leaving the decision on the requirement for a full EIA with the responsible competent authority. Notwithstanding, an EIA is being done. During appraisal, the Bank will review the EIA process to confirm that it complies with the applicable domestic legislation, the principles laid out in the EU directives and any other relevant international conventions to which the Republic of Armenia is party, including an assessment of any cross-border impact of the project on the environment (ESPOO Convention). The appraisal will also review the proposed arrangements, as prescribed in the bid documents, including design, implementation, operation or monitoring measures that seek to avoid, mitigate or compensate for negative environmental or social impact.

    The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules. The calls for tenders and the award notices will be published in the Official Journal of the European Union as appropriate.

    Comments

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - ARMENIA M6 INTERSTATE ROAD
    Publication Date
    27 Nov 2015
    Document language
    Main Topic
    Lending
    Document Number
    63269473
    Document Focus
    Environmental Information
    Project Number
    20110566
    Sector(s)
    Countries
    Publicly available
    Download now

    News & Stories

    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.

    Related publications