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    Signature(s)

    Amount
    € 112,000,000
    Countries
    Sector(s)
    Cyprus : € 112,000,000
    Transport : € 112,000,000
    Signature date(s)
    25/06/2021 : € 112,000,000
    Link to source

    Summary sheet

    Release date
    1 October 2018
    Status
    Reference
    Under appraisal | 24/05/2018
    20180081
    Project name
    Promoter - financial intermediary
    NATIONAL ROADS III
    MINISTRY OF TRANSPORT, COMMUNICATIONS AND WORKS - REPUBLIC OF CYPRUS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 220 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the construction and improvement of roads and motorways implemented by the Public Works Department of the Ministry of Transport, Communication and Works in the Republic of Cyprus.

    The project aims to improve traffic conditions on several sections of the Cyprus motorway and road network. Transport user benefits are expected from time savings, reduced operating costs, fewer accidents and lower environmental externalities, in addition to wider economic benefits from improved accessibility.

    Environmental aspects
    Procurement

    The projects included under this operation fall under Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive (Directive 2014/52/EU amending the EIA Directive 2011/92/EU). Compliance with the EIA Directive in addition to the Strategic Environmental Assessment (SEA) Directive (2001/42/EC) and Birds and Habitats Directives (2009/147/EC and 92/43/EEC respectively, as amended) is to be assessed during the appraisal.

    The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.

    Link to source
    Summary sheet
    Other links

    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 Impact Assessment (ESIA) - NATIONAL ROADS III - Noise exposure information
    Publication Date
    15 Oct 2020
    Document language
    Main Topic
    Lending
    Document Number
    131891717
    Document Focus
    Environmental Information
    Project Number
    20180081
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - NATIONAL ROADS III - ΜΕΛΕΤΗ ΕΚΤΙΜΗΣΗΣ ΕΠΙΠΤΩΣΕΩΝ ΣΤΟ ΠΕΡΙΒΑΛΛΟΝ
    Publication Date
    15 Oct 2020
    Document language
    Main Topic
    Lending
    Document Number
    131790848
    Document Focus
    Environmental Information
    Project Number
    20180081
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - NATIONAL ROADS III - ΜΕΛΕΤΗ ΕΚΤΙΜΗΣΗΣ ΕΠΙΠΤΩΣΕΩΝ ΣΤΟ ΠΕΡΙΒΑΛΛΟΝ (ΜΕΕΠ)
    Publication Date
    15 Oct 2020
    Document language
    Main Topic
    Lending
    Document Number
    131900922
    Document Focus
    Environmental Information
    Project Number
    20180081
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - NATIONAL ROADS III - ΠΑΡΑΡΤΗΜΑ Ι: Χλωρίδα - Πανίδα
    Publication Date
    15 Oct 2020
    Document language
    Main Topic
    Lending
    Document Number
    131898165
    Document Focus
    Environmental Information
    Project Number
    20180081
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - NATIONAL ROADS III - ΠΑΡΑΡΤΗΜΑ III: ΦΩΤΟΓΡΑΦΙΚΟ ΥΛΙΚΟ
    Publication Date
    15 Oct 2020
    Document language
    Main Topic
    Lending
    Document Number
    131898769
    Document Focus
    Environmental Information
    Project Number
    20180081
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - NATIONAL ROADS III
    Publication Date
    7 May 2021
    Document language
    Main Topic
    Lending
    Document Number
    140548075
    Document Focus
    Environmental Information
    Project Number
    20180081
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links
    Summary sheet

    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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