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    Reference: 20180004
    Release date: 8 June 2018

    Promoter – Financial Intermediary

    SOFIA MUNICIPALITY

    Location

    Description

    The loan will be provided to Sofia Municipality for the construction of the second stage of Sofia Metro Line 3. The project includes a twin-track metro line approximately 3.8 km in length, 4 metro stations, and a railway stop for connection to the national railway network at the last metro station.

    Objectives

    The new line will increase public transport passenger capacity, enhance modal shift and reduce congestion on the existing transport network, thus it is expected to improve access in the urban area and quality of life.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 22 million

    Total cost (Approximate amount)

    EUR 58 million

    Environmental aspects

    It is a requirement that all sub-projects must be implemented in compliance with EU environmental legislation and the promoter has identified those sub-projects for which it considers an Environmental Impact Assessment (EIA) is required. Should any sub-project have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 2009/147/EC), the Bank would require the promoter to act according to the provisions of the aforementioned directives as transposed into national law. These matters will be clarified during the appraisal.

    Procurement

    The EIB 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 (Directives 2014/25/EU and related Directive 92/13/EU) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 20/12/2018

    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

    Bulgaria Transport