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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Bulgaria : € 50,000,000
Transport : € 50,000,000
Signature date(s)
8/10/2013 : € 50,000,000
Link to source

Summary sheet

Release date
4 April 2013
Status
Reference
Signed | 08/10/2013
20110595
Project name
Promoter - financial intermediary
SOFIA MUNICIPAL ROADS REHABILITATION
Sofia Municipality
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
EUR 100 million
Location
Sector(s)
Description
Objectives

The project concerns the financing of rehabilitation and expansion of urban road infrastructure and public transport network investments aiming at improving traffic flow and safety on key road sections of main traffic arteries.

The project will enhance the local road and transport network of the city, contributing to alleviate its growing traffic and reduce the related levels of congestion, pollution, and traffic-related accidents. In addition, the project will increase the efficiency and quality of public transport services in Sofia and thereby support sustainable transport solutions in line with EU objectives.

Environmental aspects
Procurement

The project is an investment loan, with small-sized investments on the local road and transport network. The investments would most likely fall outside both Annex I and II of the EU Environmental Impact Assessment (EIA) Directive, however this screening will be performed by the Competent Authority on a case-by-case basis. The applicability of EIA Directive 2011/92/EU, SEA directive 2001/42/EC, Habitats Directive 92/43/EEC and Birds Directive 79/409/EEC will be reviewed at appraisal, in particular for the extension of roads.

The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/17/EC or 2004/18/EC and Dir. 2007/66/EC [amending Directives 1989/665/EEC and 1992/13/EEC]), with publication of tender notices in the EU Official Journal, as and where required.

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).

Documents

Environmental and Social Data Sheet (ESDS) - SOFIA MUNICIPAL ROADS REHABILITATION
Publication Date
2 Jan 2014
Document language
Main Topic
Lending
Document Number
48048259
Document Focus
Environmental Information
Project Number
20110595
Sector(s)
Regions
Countries
Publicly available
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