Release date: 25 March 2021
Promoter – Financial Intermediary
MUNICIPALITY OF ORADEA
Municipal framework loan for sustainable urban infrastructure investments in the City of Oradea.
This operation consist of urban infrastructure investments in the City of Oradea, mainly focusing on energy efficiency improvements in educational facilities, street lighting, geothermal energy infrastructure, urban transport (including improvements of urban streets), and urban regeneration schemes focusing on the improvement of green open spaces. The operation aims to support the implementation of the City's multi-annual investment programme 2021-2024 in line with the City's Integrated Urban Development Strategy, Sustainable Urban Mobility Plan and Energy Action Plan.
- Urban development - Construction
Proposed EIB finance (Approximate amount)
EUR 40 million
Total cost (Approximate amount)
EUR 145 million
The Promoter's environmental management capacity to properly apply the relevant EU Directives will be verified during appraisal, particularly with regard to EU EIA Directive 2011/92/EU amended by 2014/52/EU, EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the construction and refurbishment investments as well as the alignment of energy efficiency requirements with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed during project appraisal. The schemes under the framework loan should have an overall positive impact on the environment by promoting sustainable urban development and reducing energy consumption. However, some of the schemes may fall under Annex I or Annex II of the Directive 2014/52/EU amending the EIA Directive 2011/92/EU, which will be assessed during project appraisal.
The Bank will require the Promoter to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/23/EU / 2014/24/EU / 2014/25/EU as well as Directive 92/13/EEC or Directive 89/665/EEC 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.
Approved - 26/10/2021
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).