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Letitia Mandache, Operations Leader

Pitesti Urban Public Transport

Project number:46066
Business sector:
Environmental category:B
Target Board date:25 June 2014
Status:Passed concept review, Pending final review
PSD disclosed:12 Mar 2014

Project Description

The EBRD is considering a senior loan of up to EUR 13 million (or RON equivalent) to S.C. Publitrans2000 S. A. (the “company” or “Publitrans”), a joint-stock company wholly-owned by the municipality of Pitesti (the “city”), which provides public transport services. The loan will finance part of the company’s fleet renewal, which consists of 70 new EURO-6 buses, in line with applicable EU requirements. The project is part of the city’s plan to improve the public transport system by reducing air pollution in the city centre and by facilitating access to new business/industrial areas.

Transition Impact

Transition impact is expected to derive from:

  • Revising the existing public service contract (“PSC”) according to best-practice with improved predictability and incentives for the service provider.
  • Positive demonstration effect from a successful company restructuring through a corporate development programme with support from a twinning partner. A twinning agreement with a high quality operator will serve as a means of introducing additional commercial discipline and corporate system, as well as for providing support for the implementation of the business plan.
  • Additional transition impact may also derive from tendering support for an automated fare collection (e-ticketing) system to be built, financed and operated by the private sector. A new e-ticketing system, to be carried out on an out-sourced basis, will be designed technically and prepared for tender either as a small scale PPP or a Design-Build-Operate-Maintain contract.

The Client

S.C. Publitrans2000 S. A., a joint-stock company owned by the city of Pitesti, Arges county.

EBRD Finance

A senior loan of up to EUR 13 million (or RON equivalent) to the company.

Project Cost

The total cost of the project is estimated at EUR 16.1 million.

Environmental Impact

  • Categorised B. The environmental and social impacts associated with the modernisation of public transport infrastructure are expected to be mainly positive and result in upgrade of service quality, potential improvements in energy efficiency of bus transport and improvement in ambient air quality. Any potential adverse impacts can be readily identified and addressed through mitigation measures. The purchase of 70 new EURO-6 buses, in line with the EU requirements is not associated with any significant risks.
  • The environmental and social due diligence will include an analysis of the proposed project and an audit of the company’s current operational activities and past compliance record. The company’s corporate management systems and capacity to implement the project in accordance with the Bank's performance requirements will also be reviewed. An Environmental and Social Action Plan will be developed to address any required improvement and mitigation measures.
  • This PSD will be updated when the results of due diligence are known.

Technical Cooperation

The project will benefit from TC including:

  • Pre-Signing:
    Technical and financial due diligence (EUR 50,000, financed from the Bank’s own resources).
  • Post-Signing:
    Support for corporate development and commercialisation. (Estimated at EUR 150,000, donor funding or the EBRD Shareholder Special Fund). The TC would cover support for preparation of a business development plan; revised PSC to be signed between the City and the Company will be also included.

Support for e-ticketing out-sourcing. (EUR 150,000, donor funding or the EBRD Shareholder Special Fund). The TC would cover options analysis and support for the tendering process, negotiations and the start-up phase of the contract.

Procurement or tendering opportunities

Visit EBRD Procurement
Enquiries: Tel: +44 20 7338 6794; Fax: +44 20 7338 7472, Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
Text of the PIP

Project Complaint Mechanism (PCM)

The EBRD has established the Project Complaint Mechanism (PCM) to provide an opportunity for an independent review of complaints from one or more individuals or from organisations concerning projects financed by the Bank which are alleged to have caused, or likely to cause, harm. The Rules of Procedure governing the PCM can be found at www.ebrd.com/downloads/integrity/pcmrules.pdf, the Russian version can be accessed at http://www.ebrd.com/downloads/integrity/pcmrulesr.pdf

Any complaint under the PCM must be filed no later than 12 months after the last distribution of EBRD funds. You may contact the PCM officer (at pcm@ebrd.com) or the relevant EBRD Resident Office for assistance if you are uncertain as to the period within which a complaint must be filed.

Project Summary Documents are created before consideration by the EBRD Board of Directors. Details of a project may change following disclosure of a Project Summary Document. Project Summary Documents cannot be considered to represent official EBRD policy.

Last updated 12 March 2014