Release date: 14 October 2005
Promoter – Financial Intermediary
Romania, acting through the Ministry of Public Finance.Location
Description
The project consists of the restoration of roads and waterways damaged in the floods of 2004, affecting seventeen counties in Northern Romania, and works to prevent the recurrence of similar events.
Objectives
Re-establishing normal economic activity as soon as possible. Reconstruction and preventive works will contribute to the reduction of risk from future re-occurrence of similar problems.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 261 million.
Total cost (Approximate amount)
EUR 526 million.
Environmental aspects
Schemes are mainly small and mainly replacement of existing infrastrucuture and therefore have little or no new impact on the environment. All schemes will have to take into account the requirements of the Law on Environmental protection 137/1995, which is in line with EU requirements.
Procurement
The Ministries of Finance and of Transport are accustomed to and use the standard Bank requirements.
Status
Signed - 27/12/2005
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).