Release date: 14 March 2012
Promoter – Financial Intermediary
BulgariaLocation
Description
Construction of 65.62km new dual carriageway motorway between Plodovitova and Hermanli, completing the motorway connection between Sofia and the Turkish border on TEN corridors IV and X.
Objectives
The project will contribute to complete the current motorway, reduce travel time and vehicle operating costs, shift transit traffic and relieve adjacent villages from Heavy Goods Vehicle traffic, thus improving local living and safety conditions.
Comments
Under Framework Loan
Sector(s)
Proposed EIB finance (Approximate amount)
In the order of EUR 40 million
Total cost (Approximate amount)
In the order of EUR 205 million
Environmental aspects
The project falls under Annex I of the EIA Directive 85/337/EEC as amended. An EIA has been carried out with official approval having been granted on 02.07.2010. The EIA procedure, including issues related to the Habitats and Birds Directives, are to be assessed during appraisal.
Procurement
The Promoter is a public entity and is therefore subject to EU Procurement Directives. The construction works have been tendered through an open procedure in two lots in 2011. The tender procedure and award of contracts will be reviewed during appraisal.
Status
Under appraisal - 14/03/2012
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).