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    Reference: 20150396
    Release date: 11 September 2015

    Promoter – Financial Intermediary

    COUNTERPART(S) TO BE DETERMINED

    Location

    Description

    Structural programme loan (SPL) providing for the Romanian State's contribution during the 2014-2020 programming period to the EU cofinanced competitiveness operational programme and selected priorities from large infrastructures (LIOP) and investment for growth and jobs operational programmes.

    Objectives

    The project will support smart and sustainable growth in Romania. In particular, it will aim at achieving the objectives established in the operational programmes for competitiveness (COP), investment for growth and jobs' goal (IGJOP) and for selected priority axes of the large infrastructure operational programme (LIOP). The sub-projects to be financed would involve research and development (R&D), ICT and e-government, innovation and human development investment in key sectors, including support for small and medium-sized enterprises (SMEs), education/training and social inclusion action, and employment promotion. The Bank's loan would also support some energy sector schemes, actions for air quality enhancement and rehabilitation of polluted sites.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 400 million

    Total cost (Approximate amount)

    EUR 7228 million

    Environmental aspects

    Romania, as an EU Member State, has transposed the relevant EU Directives 2011/92/EU and 2001/42/EC into national environmental legislation. The Bank's appraisal will focus on the promoter's environmental management capacity to properly apply Strategic Environmental Assessment (SEA) Directive 2001/42/EC and Environmental Impact Assessment (EIA) Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. All relevant key documents for the project will be published, in line with the Bank's disclosure policy.

    Procurement

    The Bank will require the promoter, as a public administration entity, 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. 2004/18/EC or 2004/17/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in national legislation. Details to be reviewed by the Bank's services during appraisal.

    Status

    Signed - 15/07/2016

    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 Credit lines Education Telecom Urban development Agriculture, fisheries, forestry Services Energy