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    Reference: 20170692
    Release date: 24 October 2017

    Promoter – Financial Intermediary

    MUNICIPALITY OF ORADEA

    Location

    Description

    Urban infrastructure investments in Oradea mainly focusing on energy efficiency, renewable energy, sustainable transport, urban development and urban roads. All schemes will be located in Oradea, the 10th largest city in Romania, on the North-West fringe of the country.

    Objectives

    The investments will further the economic development of Oradea through the successful implementation of projects that contribute to the EIB public policy goals of improving socio-economic infrastructure, supporting the environment and achieving cohesion objectives.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 35 million

    Total cost (Approximate amount)

    EUR 133 million

    Environmental aspects

    Romania, as an EU Member State, has harmonised its environmental legislation in line with the relevant EU Directives (Directive 2014/24/EU amending Directive 2011/92/EU and Directive 2001/42/EC). The Bank's appraisal will focus on the promoter's environmental management capacity to properly apply the EU SEA Directive 2001/42/EC, the EU EIA Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. Compliance with the EU Directive on the Energy Performance of Buildings (recast) (2010/31/EU) will be further examined during appraisal.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the projects will be tendered in accordance with the relevant applicable EU procurement legislation, Directives 2014/24/EU, 2014/25/EU and/or 2014/23/EU, where applicable, as well as Directive 89/665/EEC as interpreted by the Court of Justice of the European Union, with publication of tender notices in the Official Journal of the European Union, as and where required.

    Status

    Signed - 20/12/2017

    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 Urban development