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    Reference: 20080704
    Release date: 24 March 2009

    Promoter – Financial Intermediary

    Republic of Estonia



    Co-financing of priority investments in Estonia under the 2007-2013 National Strategic Reference Framework (NSRF); one Cohesion Fund (CF) Project under implementation from 2004-2006 programming period and a number of small scale non-co-financed road schemes for the period 2007-2013.


    The project will assist Estonia in achieving further convergence in the levels of economic and social development with the rest of the EU.


    Proposed EIB finance (Approximate amount)

    Up to EUR 550 million.

    Total cost (Approximate amount)

    Up to EUR 4.2 bn

    Environmental aspects

    The project will have a number of effects on the environment, including reduction of pollution, environmental protection, etc. The Bank will require from the promoter to act according to the provisions of the relevant EU directives, including SEA, EIA, Habitats and Birds Directives.


    The promoter is required to follow the EU public procurement rules including publication of contract notices in the EU Official Journal, if and where appropriate. Projects with values below the EU thresholds will be procured according to national legislation.


    Signed - 25/05/2009

    Related tags

    Estonia Composite infrastructure Transport Water, sewerage Education