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    Signature(s)

    Amount
    € 30,000,000
    Countries
    Sector(s)
    Montenegro : € 30,000,000
    Transport : € 30,000,000
    Signature date(s)
    27/06/2014 : € 30,000,000

    Summary sheet

    Release date
    26 November 2013
    Status
    Reference
    Signed | 27/06/2014
    20110626
    Project name
    Promoter - financial intermediary
    ROAD REHABILITATION AND CITY BYPASS
    MONTENEGRO
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million
    EUR 66 million
    Location
    Sector(s)
    Description
    Objectives

    Rehabilitation of main and secondary roads and construction of city bypasses

    The project is expected to promote economic growth, facilitate trade, support private sector development and ultimately contribute to economic and social cohesion in the region. The project is therefore eligible under the Mandate of the Pre-Accession countries. It is estimated that some 54 km of roads will be constructed or upgraded and a 2.5km tunnel will be built.

    Environmental aspects
    Procurement

    The individual components of the project are investments of small and medium size that are likely to have reduced environmental and social impacts. If situated in the EU, these schemes would likely fall under Annex II of EIA Directive 2011/92/EU and therefore be subject to screening. Appropriate screening procedures, also in relation to natural habitats and protected species, as well as land acquisition/resettlement will be put in place in collaboration with the other co-financing potential partners. An appropriate Resettlement Policy Framework will be developed to address potential physical or economic displacement.

    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.

    Comments

    This operation is covered by the EU 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) - ROAD REHABILITATION AND CITY BYPASS
    Publication Date
    3 Jul 2014
    Document language
    Main Topic
    Lending
    Document Number
    53495794
    Document Focus
    Environmental Information
    Project Number
    20110626
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - ROAD REHABILITATION AND CITY BYPASS - Land Acquisition Plan of Action for Lepenac Climbing Lane
    Publication Date
    8 Apr 2017
    Document language
    Main Topic
    Lending
    Document Number
    74965889
    Document Focus
    Environmental Information
    Project Number
    20110626
    Sector(s)
    Countries
    Publicly available
    Download now
    Resettlement Action Plan (RAP) - ROAD REHABILITATION AND CITY BYPASS - Resettlement Policy Framework
    Publication Date
    2 May 2017
    Document language
    Main Topic
    Lending
    Document Number
    74969192
    Document Focus
    Environmental Information
    Project Number
    20110626
    Sector(s)
    Countries
    Publicly available
    Download now

    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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