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    Reference: 20110286
    Release date: 5 March 2012

    Promoter – Financial Intermediary

    Romanian National Company of Motorways and National Roads (RNCMNR)

    Location

    Description

    The project consists of the construction of approximately 82 km of motorway. To the west, the motorway will connect with the Deva – Orastie motorway which is now under construction. To the east it will connect to the recently opened Sibiu by-pass. The project is part of the overall development of priority TEN-T corridor 7.

    Objectives

    Construction of Orastie-Sibiu Motorway

    Comments

    Under Framework Loan.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 39.7 million

    Total cost (Approximate amount)

    EUR 608.20 million

    Environmental aspects

    The project is part of the Strategic Operational Plan-Transport (SOP-T) which was subject to a strategic environmental assessment following Romanian legislation in accordance with SEA Directive 2001/42/EC. The Environmental report was approved in January 31, 2007. The project falls under Annex I of the Directive 85/337/EEC on Environmental Impact Assessment (EIA) as amended and an Environmental Impact Assessment has been satisfactorily carried out. The main residual negative impacts of the project are: conversion and permanent loss of agricultural and forest land, additional noise, vibration, visual alteration of the landscape and severance of flora and fauna habitats. A number of mitigation measures have been specified in order to reduce the negative impacts of the project. The motorway crosses only rural lands and does not require any resettlement of persons. The project is acceptable for Bank financing from an environmental point of view.

    Procurement

    The RNCMNR is a publicly owned company subject to the provisions of the public procurement Directive 2004/18/EC, as transposed into Romanian Law. Procurement commenced in December 2010 with relevant announcements being published in Romania and the OJEU. The procurement of the sub-project is deemed acceptable by the Bank.

    Status

    Under appraisal - 5/03/2012

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Romania Transport