Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Romania : € 50,000,000
Transport : € 50,000,000
Signature date(s)
19/12/2022 : € 50,000,000

Summary sheet

Release date
5 May 2022
Status
Reference
Signed | 19/12/2022
20200888
Project name
Promoter - financial intermediary
ROMANIA ROAD SAFETY PRIORITY INVESTMENTS
COMPANIA NATIONALA DE ADMINISTRARE A INFRASTRUCTURII RUTIERE - SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
EUR 100 million
Location
Sector(s)
Description
Objectives

Multi-year investment programme covering infrastructure road safety schemes on the national road network in Romania.

The proposed project is expected to support investment in new and rehabilitated road infrastructure across Romania, with an emphasis on improving road safety, in addition to wider sustainability factors (social, environmental, climate, economic). This is in line with the EIB Public Policy Goal for sustainable cities and regions. A proportion of measures is expected to be located in EIB cohesion priority regions; therefore, the project will also support economic and social cohesion. The project is expected to significantly address road safety and accessibility (improving road networks/coordination market failure) externalities.

Additionality and Impact

The proposed project is expected to support investment in the rehabilitation of road infrastructure across Romania, with an emphasis on improving road safety, in addition to wider sustainability factors (social, environmental, economic). A proportion of measures is expected to be located in EIB cohesion priority regions; therefore, the project will also support economic and social cohesion. The operation supports transport investments in line with the National Strategy for Road Safety (2016-2020), Investment Plan for Transport Infrastructure 2021-2030, the General Transport Masterplan for Romania (2016) and Romania's National Recovery and Resilience Plan (2021). The project is expected to significantly address road safety and accessibility (improving road networks/coordination market failure) externalities. Alignment to EIB Climate Bank Roadmap is expected and will be further confirmed for all schemes allocated under the operation. The Project has benefited from advisory by the European Investment Advisory Hub which has also enabled the EIB financing. Further technical assistance is being set up to assist the Romanian Road Agency (CNAIR) in implementing the project. The EIB contribution will enable much awaited road safety investments by offering financing of longer tenor and competitive conditions that are not available in the Romanian market.  

Environmental aspects
Procurement

The project is a multi-scheme operation. All current proposed schemes are less than EUR 25 million cost. The identified schemes will undergo further feasibility study and environmental impact assessments (EIA) (and/or screening as applicable under the Environmental Impact Assessment Directive 2014/52/EU). The procedures followed by the Promoter in relation to the EIA Directive in addition to the SEA Directive (2001/42/EC) and Habitats and Birds Directives (92/43/EEC and 2009/147/EC respectively) is to be assessed during appraisal.

The Bank will require the Promoter to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/23/EU / 2014/24/EU or / 2014/25/EU, as well as Directive 92/13/EEC or Directive 89/665/EEC 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.

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 ROAD SAFETY PRIORITY INVESTMENTS
Publication Date
10 Sep 2022
Document language
Main Topic
Lending
Document Number
149716564
Document Focus
Environmental Information
Project Number
20200888
Sector(s)
Regions
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.

Related publications