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Signature(s)

Amount
€ 123,600,000
Countries
Sector(s)
Romania : € 123,600,000
Health : € 123,600,000
Signature date(s)
19/12/2022 : € 123,600,000

Summary sheet

Release date
28 December 2021
Status
Reference
Signed | 19/12/2022
20210611
Project name
Promoter - financial intermediary
ROMANIA PUBLIC SECTOR COVID-19 RESPONSE II
ROMANIA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 124 million
EUR 190 million
Location
Sector(s)
  • Health - Human health and social work activities
Description
Objectives

Financing of investments designed to strengthen the Romanian Healthcare Sector and to improve preparedness and responsiveness to the COVID-19 pandemic and similar threats.

The aim of this Project is to tackle the systemic healthcare emergency created by the COVID-19 outbreak, especially in the area of the reinforcement and preservation of the integrity of the Romanian healthcare system in the medium term, and its improved overall functionality and resilience in the longer term.

Additionality and Impact

The operation will finance the rehabilitation, extension and/or refurbishing of 28 hospitals and medical facilities across Romania. These investments are designed to strengthen the Romanian healthcare sector and to improve the response to the COVID-19 pandemic and enhance preparedness in terms of future similar threats. The Project generates positive externalities through the provision of health services that benefit society and the broader economy. This operation is part of the EIB Group's response to the COVID-19 pandemic. The implementation of the Project is expected to generate additional benefits for the citizens, particularly in respect of ensuring access to sustainable medical services in the longer term, ensuring safer working conditions for medical staff, increased quality of care and improved patients' safety. The Bank's financial contribution through long term financing at more affordable rates than available in the market is expected provide an important budgetary support allowing Romania to significantly enhance its immediate response in the fight with COVID-19 pandemic and to strengthen the national response capacity against possible future pandemic threats. 

Environmental aspects
Procurement

The project comprises of construction and refurbishment of selected healthcare facilities. The Bank's services will verify during appraisal the screening decision of the competent authority and the corresponding environmental impact assessments (EIAs), if any are required. In line with Directive 2010/31/EU, the new and rehabilitated buildings will have to meet at least the relevant national targets on energy efficiency.

The contracts for implementation of the project have been and will be tendered in accordance with the applicable EU procurement legislation Directive 2014/24/EU as well as Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, 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 PUBLIC SECTOR COVID-19 RESPONSE II
Publication Date
22 Feb 2022
Document language
Main Topic
Lending
Document Number
151039332
Document Focus
Environmental Information
Project Number
20210611
Sector(s)
Regions
Countries
Publicly available
Download now

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