SEBES-TURDA A10 HIGHWAY (SPL 2015-0712) (EIB-20190588)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Romania
Geographic location where the impacts of the investment may be experienced.
Specific Location
Cluj-Napoca and Sibiu
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 8, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
COMPANIA NATIONALA DE ADMINISTRARE A INFRASTRUCTURII RUTIERE - SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Loan Amount (USD)
$ 118.22 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 112
Converted using 2022-12-08 exchange rate.
Project Cost (USD)
$ 688.23 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 652
Converted using 2022-12-08 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jan 5, 2023

Disclosed by Bank Jan 2, 2023


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank's website, the project concerns the construction of a new 70 km 2x2 lanes motorway section of the D1 motorway between the motorway junction with the A1 near Sebes and the motorway junction with the A3 at Turda.

The motorway aims to provide a link between the existing motorway sections A1 Orastie-Sibiu and A3 Gilau - Campia Turzii, with a total length of approx. 70 km, a design speed of 120 km/h, including 7 junctions, 4 service points, 4 rest areas, 1 maintenance and control centre, 1 maintenance and monitoring centre and 66 structures.

The EU and Romania national legal procedures have been properly followed in the project preparation and implementation. An Environmental Impact Assessment (EIA) has been completed and the competent authorities have issued environmental decisions and building permits.

The new transport link will reduce congestion in the city centres along the corridor, notably by diverting most of the heavy goods vehicles, and enable further development of soft mobility options in the area. Enhancing travel time, reducing operating costs and improving travel safety (of vulnerable road users in particular).

The Promoter is a public contracting authority subject to the relevant EU directives. The procurement is following the principles of the Directives 2014/24/EC and 89/665/EC. The project works and service contracts have been procured through open tenders after international publication in the EU Official Journal.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information was published at the time of the disclosure. 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

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When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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