Release date: 13 February 2012
Promoter – Financial Intermediary
Republic of Montenegro
Location
Description
The project would contribute to repairing and reconstructing the major damage to the public infrastructure (roads, bridges, water supply, hydraulic infrastructure, etc.) caused by the exceptional rainfall and flooding of November and December 2010.
Objectives
Re-establish the conditions for economic growth and sustainable development, prevent similar disasters by addressing key risks as well as supporting social cohesion and job creation.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 25 million
Total cost (Approximate amount)
EUR 30 million
Environmental aspects
As an official candidate country for membership to the European Union, the promoter is required to implement all the schemes in compliance with relevant EU environmental and social legislation and principles.
Procurement
Procurement procedures will be consistent with the Bank’s Guidelines to Procurement.
Status
Signed - 10/10/2012
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).