Release date: 13 April 2023
Promoter – Financial Intermediary
PUBLIC ENTERPRISE FOR RAILWAY INFRASTRUCTURE RAILWAYS OF REPUBLIC OF NORTH MACEDONIA - SKOPJELocation
Description
The project concerns the construction of the Eastern Section (Phase III) of Corridor VIII railway, linking the city of Kriva Palanka to the Bulgarian border.
Objectives
In line with EU policies outside the EU concerning the development of social and economic infrastructure, the project will contribute to support economic growth and environmental sustainability by improving transport services, promoting modal shift and reducing pollution. In particular, by connecting the railway networks of North Macedonia and Bulgaria, it will improve the rail infrastructure along the Trans-European Transport Network (TEN-T) Core Network Extension to the Western Balkans. Additionally, once the other missing links will be completed, it will also connect the ports of Durres on the Adriatic Coast and Burgas on the Black Sea, thus facilitating the creation of a multimodal transport corridor in Southeast Europe.
Sector(s)
- Transport - Transportation and storage
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 364 million
Total cost (Approximate amount)
EUR 569 million
Environmental aspects
The project falls under Annex I of Directive 2014/52/EU, amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU. It has been subject to an Environmental Impact Assessment (EIA) and the Competent Authority has issued its positive Environmental Decision. The EIA and other safeguard documentation will be updated and brought into compliance with current EIB standards and further reviewed during appraisal. The project's potential impacts on protected areas and species, and related compliance with the Habitats Directive (92/43/EEC) and Birds Directive (2009/147/EC) are to be appraised further. Any potential resettlement will be limited and undertaken in accordance with local law and EIB Standards.
Procurement
The promoter has to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement and the relevant applicable EU public procurement rules.
Status
Under appraisal - 2/03/2023
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).