CYPRUS ROAD INFRASTRUCTURE FL

Promoter – Financial Intermediary

MINISTRY OF TRANSPORT, COMMUNICATIONS AND WORKS - REPUBLIC OF CYPRUS

Location

• Cyprus

Description

The framework loan will support a multi-year road infrastructure programme implemented by the Public Works Department of the Ministry of Transport, Communication and Works in the Republic of Cyprus.

Objectives

The aim is to support investments for the construction and rehabilitation of roads, motorways, including core trans-European networks (TEN-T) as well as related infrastructure to implement sustainable urban mobility plans, transport safety and resilience/climate adaptation measures. The project is expected to significantly improve accessibility, efficiency and road safety.

Sector(s)

• Water, sewerage - Water supply; sewerage, waste management and remediation activities
• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 400 million

Environmental aspects

The promoter's environmental management capacity to apply the relevant EU Directives and the requirements of social standards will be verified during appraisal. Where and if applicable, this includes the requirements of the Environmental Impact Assessment (EIA) Directive 2011/92/EU amended by 2014/52/EU, Strategic Environmental Assessment (SEA) Directive 2001/42/EC, Habitats Directive 92/43/EEC and Birds Directive 2009/147/EC.

Procurement

The promoter shall ensure that contracts for implementation of the project have been/will be tendered in accordance with the applicable EU procurement legislation, for contracts above the threshold: Directive 2014/23/EU / 2014/24/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 EU Official Journal, as and where required.

Status

Approved - 21/11/2024