SOFIA MUNICIPAL ROADS REHABILITATION

Promoter – Financial Intermediary

Sofia Municipality

Location

• Bulgaria

Description

The project concerns the financing of rehabilitation and expansion of urban road infrastructure and public transport network investments aiming at improving traffic flow and safety on key road sections of main traffic arteries.

Objectives

The project will enhance the local road and transport network of the city, contributing to alleviate its growing traffic and reduce the related levels of congestion, pollution, and traffic-related accidents. In addition, the project will increase the efficiency and quality of public transport services in Sofia and thereby support sustainable transport solutions in line with EU objectives.

Sector(s)

• Transport

Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

EUR 100 million

Environmental aspects

The project is an investment loan, with small-sized investments on the local road and transport network. The investments would most likely fall outside both Annex I and II of the EU Environmental Impact Assessment (EIA) Directive, however this screening will be performed by the Competent Authority on a case-by-case basis. The applicability of EIA Directive 2011/92/EU, SEA directive 2001/42/EC, Habitats Directive 92/43/EEC and Birds Directive 79/409/EEC will be reviewed at appraisal, in particular for the extension of roads.

Procurement

The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/17/EC or 2004/18/EC and Dir. 2007/66/EC [amending Directives 1989/665/EEC and 1992/13/EEC]), with publication of tender notices in the EU Official Journal, as and where required.

Status

Signed - 8/10/2013