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Reference: 20150325
Release date: 24 June 2015

Promoter – Financial Intermediary

ROMANIA

Location

Description

The project concerns drinking water treatment and distribution, as well as wastewater collection and treatment, located in Neamt and Harghita county in Romania.

Objectives

The projects fall under the Romanian National Strategic Reference Framework (NSRF), priority Axis 1 of the Sectorial Operational Programmes (SOP) for Environment for the 2007-2013 programming period. This programme is financed by the Structural Programme Loan NSRF Cofinancing Facility. The purpose of the project is to achieve compliance with EU drinking water and urban wastewater directives as well as to promote greater sustainability in water services and resource management.

Sector(s)

  • Water, sewerage - Water supply; sewerage, waste management and remediation activities

Proposed EIB finance (Approximate amount)

EUR 16 million

Total cost (Approximate amount)

EUR 120 million

Environmental aspects

All projects comprising rehabilitation and development of networks in smaller agglomerations fall under Annex II of the Environmental Impact Assessment (EIA) Directive and were screened out by the competent authority. The results of the EIA process were reviewed by DG Environment.

Procurement

The promoter, Regional Operating Company, responsible for public procurement, is subject to EU public procurement regulations (Directive 2004/17/EC for utilities). 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 (2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Status

Approved - 26/02/2016

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).

Related tags

Romania Water, sewerage