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    Signature(s)

    Amount
    € 35,000,000
    Countries
    Sector(s)
    Romania : € 35,000,000
    Urban development : € 35,000,000
    Signature date(s)
    17/05/2018 : € 14,000,000
    20/12/2017 : € 21,000,000

    Summary sheet

    Release date
    24 October 2017
    Status
    Reference
    Signed | 20/12/2017
    20170692
    Project name
    Promoter - financial intermediary
    ORADEA URBAN INFRASTRUCTURE II
    MUNICIPALITY OF ORADEA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 35 million
    EUR 133 million
    Location
    Sector(s)
    Description
    Objectives

    Urban infrastructure investments in Oradea mainly focusing on energy efficiency, renewable energy, sustainable transport, urban development and urban roads. All schemes will be located in Oradea, the 10th largest city in Romania, on the North-West fringe of the country.

    The investments will further the economic development of Oradea through the successful implementation of projects that contribute to the EIB public policy goals of improving socio-economic infrastructure, supporting the environment and achieving cohesion objectives.

    Environmental aspects
    Procurement

    Romania, as an EU Member State, has harmonised its environmental legislation in line with the relevant EU Directives (Directive 2014/24/EU amending Directive 2011/92/EU and Directive 2001/42/EC). The Bank's appraisal will focus on the promoter's environmental management capacity to properly apply the EU SEA Directive 2001/42/EC, the EU EIA Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. Compliance with the EU Directive on the Energy Performance of Buildings (recast) (2010/31/EU) will be further examined during appraisal.

    The Bank will require the promoter to ensure that contracts for the implementation of the projects will be tendered in accordance with the relevant applicable EU procurement legislation, Directives 2014/24/EU, 2014/25/EU and/or 2014/23/EU, where applicable, as well as Directive 89/665/EEC as interpreted by the Court of Justice of the European Union, with publication of tender notices in the Official Journal of the European Union, as and where required.

    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) - ORADEA URBAN INFRASTRUCTURE II
    Publication Date
    1 Mar 2018
    Document language
    Main Topic
    Lending
    Document Number
    79184325
    Document Focus
    Environmental Information
    Project Number
    20170692
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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