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    Reference: 20170658
    Release date: 3 January 2019

    Promoter – Financial Intermediary

    WDP DEVELOPMENT RO SRL

    Location

    Description

    The project is financing the construction of new warehouses and modernising the supply chain. Warehouses will be long-term leased by entities establishing new logistics and industrial operations in the convergence regions of Romania.

    Objectives

    The project contributes to create employment and diversify the economy - possibly leading towards an improvement of the wholesale and retail business. Additionally, it may also contribute to the provision of renewable energy through the installation of rooftop photovoltaic systems.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 250 million

    Total cost (Approximate amount)

    EUR 367 million

    Environmental aspects

    Warehouses are industrial estate projects which fall under point 10) a) of Annex II of the Environmental Impact Assessment (EIA) Directive. The EIB will contractually ensure that the project promoter shall comply with Environmental Social Standards.

    Procurement

    The promoter has been assessed by EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2014/24/EU or Directive 2014/23/EU), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation, following the publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 18/12/2018

    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 Services