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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Romania : € 200,000,000
Transport : € 200,000,000
Signature date(s)
20/11/2023 : € 200,000,000
Link to source

Summary sheet

Release date
20 March 2023
Status
Reference
Signed | 20/11/2023
20220845
Project name
Promoter - financial intermediary
ROMANIA A3 MOTORWAY - RRF CO-FINANCING
ROMANIA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
EUR 698 million
Location
Sector(s)
Description
Objectives

The project concerns the construction of about 42 km of the new greenfield A3 motorway between the towns of Nadaselu and Poarta Salajului in the Northwest of Romania, which is part of the comprehensive Trans-European Transport Network (TEN-T).

The project will generate multiple economic benefits, notably in terms of time saving, safety improvement and vehicle operating cost reduction.

Additionality and Impact

The proposed project concerns the construction of 42 km of a new greenfield section of the A3 motorway between the towns of Nadaselu and Poarta Salajului in the Northwest of Romania.

The Project is located on the comprehensive TEN-T Network in a Cohesion region of Romania (NUTS RO113 and NUTS RO116). The Project addresses the market/network failure related to accessibility along the comprehensive TEN-T Network. The project is expected to generate economic benefits from time savings, safety improvements and vehicle operating cost reductions.

The project benefits from PASU (Project Advisory Support Unit) Technical Assistance to the Managing Authority. In addition to the project advisory support, the EIB loan at more favourable conditions in comparison to the financial market, in particular longer tenors and lower interest rate will have a significant impact on the operation. The EIB loan is expected to leverage RRF funds amounting to EUR 261m thus contributing to the project acceleration.

Environmental aspects
Procurement

The project falls under Annex I of the Environmental Impact Assessment (EIA) Directive 2011/92/EU and a mandatory EIA Report was elaborated. The Environmental decision was issued by the competent authority in November 2017. The project alignment does not cross any Natura 2000 sites and is situated in the vicinity of one Natura 2000 site, ROSCI0209 Racâs - Hida, located 4km from the project. The Appropriate Assessment was carried out in September 2016. Land acquisition is already completed and paid. The implementation of the EIA and Habitats Directives requirements will be analysed during the appraisal of the project.

All the contracts have been awarded and signed with no litigation issues concerning these tender procedures. The works have started in May 2021. The Bank will require the promoter to ensure that contracts for implementation of the project have been 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.

Milestone
Under appraisal
Approved
Signed
3 May 2023
20 November 2023
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 Impact Assessment (ESIA) - ROMANIA A3 MOTORWAY - RRF CO-FINANCING - Raport privind impactul asupra mediului
Publication Date
5 May 2023
Document language
Main Topic
Lending
Document Number
169858871
Document Focus
Environmental Information
Project Number
20220845
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Data Sheet (ESDS) - ROMANIA A3 MOTORWAY - RRF CO-FINANCING
Publication Date
6 Sep 2023
Document language
Main Topic
Lending
Document Number
165536528
Document Focus
Environmental Information
Project Number
20220845
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.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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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