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    Reference: 20220881
    Release date: 29 September 2023

    Promoter – Financial Intermediary

    ROMANIA

    Location

    Description

    The project consists of upgrading 155 km of existing single-track electrified railway line, including doubling of the whole length between Arad and Caransebes. The railway line is part of both the Rhine-Danube and the Orient/East-Med Core TEN-T Corridors. The upgrading of the mixed traffic (passenger and freight) railway line includes an increase of maximum design speed (160 km/h for passenger trains and 120 km/h for freight trains), axle load and maximum permissible train length, as well as installation of European Railway Traffic Management System (ERTMS) level 2 in order to bring the project in compliance with the relevant Technical Specifications for Interoperability (TSIs).

    Objectives

    The project is located in an EIB Cohesion Priority Region and the railway is on the core Trans European Transport Network (TEN-T). The project will be compliant with the Technical Specifications for Interoperability (TSIs), including installation of European Rail Traffic Management System. The project will significantly improve the quality and travel time of the rail connection between Arad and Caransebes and is expected to result in time savings as well as in some modal shift from road to rail with the corresponding vehicle operating cost savings, transport safety improvements and environmental benefits in terms of reduction of noise, GHG emissions and pollution.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 300 million

    Total cost (Approximate amount)

    EUR 1758 million

    Environmental aspects

    The project falls under Annex I of the Environmental Impact Assessment Directive (EIA) 2011/92/EU amended by Directive 2014/52/EU. The environmental impacts of the project, the EIA procedure and the need for assessment according to the Habitats Directive 92/43/EEC will be analysed during the appraisal. The project will significantly improve the rail connection between Arad and Caransebes and is expected to result in modal shift from road and to rail with the corresponding environmental benefits in terms of reduction of noise, GHG emissions and pollution. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate mitigation and pollution prevention and control.

    Procurement

    The Bank will require the promoter to ensure that contracts for implementation of the project have been and will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/25/EU as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Approved - 6/02/2024

    Milestone
    Under appraisal
    Approved
    6 February 2024

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Romania Transport