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    Signature(s)

    Amount
    € 22,000,000
    Countries
    Sector(s)
    Bulgaria : € 22,000,000
    Transport : € 22,000,000
    Signature date(s)
    20/12/2018 : € 22,000,000

    Summary sheet

    Release date
    8 June 2018
    Status
    Reference
    Signed | 20/12/2018
    20180004
    Project name
    Promoter - financial intermediary
    SOFIA MUNICIPALITY METRO LINE 3 STAGE II
    SOFIA MUNICIPALITY
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 22 million
    EUR 58 million
    Location
    Sector(s)
    Description
    Objectives

    The loan will be provided to Sofia Municipality for the construction of the second stage of Sofia Metro Line 3. The project includes a twin-track metro line approximately 3.8 km in length, 4 metro stations, and a railway stop for connection to the national railway network at the last metro station.

    The new line will increase public transport passenger capacity, enhance modal shift and reduce congestion on the existing transport network, thus it is expected to improve access in the urban area and quality of life.

    Environmental aspects
    Procurement

    It is a requirement that all sub-projects must be implemented in compliance with EU environmental legislation and the promoter has identified those sub-projects for which it considers an Environmental Impact Assessment (EIA) is required. Should any sub-project have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 2009/147/EC), the Bank would require the promoter to act according to the provisions of the aforementioned directives as transposed into national law. These matters will be clarified during the appraisal.

    The EIB 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 (Directives 2014/25/EU and related Directive 92/13/EU) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, 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) - SOFIA MUNICIPALITY METRO LINE 3 STAGE II
    Publication Date
    13 Nov 2018
    Document language
    Main Topic
    Lending
    Document Number
    84075985
    Document Focus
    Environmental Information
    Project Number
    20180004
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    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.
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    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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