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    Signature(s)

    Amount
    € 360,000,000
    Countries
    Sector(s)
    Romania : € 360,000,000
    Energy : € 10,800,000
    Telecom : € 28,800,000
    Credit lines : € 28,800,000
    Services : € 64,800,000
    Urban development : € 72,000,000
    Education : € 136,800,000
    Signature date(s)
    15/07/2016 : € 10,800,000
    15/07/2016 : € 18,000,000
    15/07/2016 : € 28,800,000
    15/07/2016 : € 28,800,000
    15/07/2016 : € 64,800,000
    15/07/2016 : € 72,000,000
    15/07/2016 : € 136,800,000

    Summary sheet

    Release date
    11 September 2015
    Status
    Reference
    Signed | 15/07/2016
    20150396
    Project name
    Promoter - financial intermediary
    ROMANIA EU CO-FINANCING FOR GROWTH 2014-20
    COUNTERPART(S) TO BE DETERMINED
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 400 million
    EUR 7228 million
    Description
    Objectives

    Structural programme loan (SPL) providing for the Romanian State's contribution during the 2014-2020 programming period to the EU cofinanced competitiveness operational programme and selected priorities from large infrastructures (LIOP) and investment for growth and jobs operational programmes.

    The project will support smart and sustainable growth in Romania. In particular, it will aim at achieving the objectives established in the operational programmes for competitiveness (COP), investment for growth and jobs' goal (IGJOP) and for selected priority axes of the large infrastructure operational programme (LIOP). The sub-projects to be financed would involve research and development (R&D), ICT and e-government, innovation and human development investment in key sectors, including support for small and medium-sized enterprises (SMEs), education/training and social inclusion action, and employment promotion. The Bank's loan would also support some energy sector schemes, actions for air quality enhancement and rehabilitation of polluted sites.

    Environmental aspects
    Procurement

    Romania, as an EU Member State, has transposed the relevant EU Directives 2011/92/EU and 2001/42/EC into national environmental legislation. The Bank's appraisal will focus on the promoter's environmental management capacity to properly apply Strategic Environmental Assessment (SEA) Directive 2001/42/EC and Environmental Impact Assessment (EIA) Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. All relevant key documents for the project will be published, in line with the Bank's disclosure policy.

    The Bank will require the promoter, as a public administration entity, 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. 2004/18/EC or 2004/17/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in national legislation. Details to be reviewed by the Bank's services during appraisal.

    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) - ROMANIA EU CO-FINANCING FOR GROWTH 2014-20
    Publication Date
    4 Jan 2016
    Document language
    Main Topic
    Lending
    Document Number
    63826730
    Document Focus
    Environmental Information
    Project Number
    20150396
    Regions
    Countries
    Publicly available
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