STRUMA MOTORWAY (LOT 3-1 AND LOT 3-3) (EIB-20180134)

Countries
  • Bulgaria
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
PUBLIC ENTITY(IES)
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 66.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 57 million
Converted using 2018-09-03 exchange rate.
Project Cost (USD)
$ 478.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 412 million
Converted using 2018-09-03 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Sep 11, 2018

Disclosed by Bank Aug 13, 2018


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Project Description

The project finances the construction of two motorway sections (Lot 3.1, Lot 3.3) and a dual-tube, two-lane tunnel (the Zheleznitsa Tunnel) on the Struma Motorway in Bulgaria.

The construction works are split into lots and the separation of Lot 3.2 (from Krupnik to Kresna, including the Kresna Gorge) into a separate project. The Struma Motorway is divided into 5 lots with Lots 0, 1, 2, and 4 already completed and operational.

The route of Struma Motorway is part of the core road Trans-European Transport Network (TEN-T) on the territory of the Republic of Bulgaria and, after its construction, the motorway shall contribute to achieving the objectives related to the core road TEN-T. 

 

Investment Description
  • European Investment Bank (EIB)

The Bank 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 the publication of tender notices in the Official Journal of the EU, as and where required.

Contact Information

*There is no further disclosure information at this stage of the project*

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