Up to RON 300 million (~EUR 63 million) to Compania Nationala de Administratie a Infrastructurii Rutiere ("CNAIR" or the "Company"). The loan will finance rehabilitation/maintenance works of several national roads and related infrastructure across Romania.
The proposed Project will support the Romanian transport sector through the rehabilitation of several sections of key motorways across the Country. It is expected to have a significant effect on the quality of transport services. In addition, the proposed rehabilitation works will incorporate climate adaptation elements in their design to improve the resilience of the transport network against the physical damage caused by the climate change.
ETI score: 62
ETI score: 62
Transition impact stems from Resilient and Well-Governed qualities.
The Project will support the Resilience of the transport sector through more sustainable road asset-management capabilities; it will also support the Well-governed quality through improved procurement standards. Both transition objectives will be supported by technical assistance provided by Bank.
NATIONAL ADMINISTRATION OF ROADS
CNAIR is a state-owned entity having the Government of Romania, through the Ministry of Transport ("MoT"), as sole shareholder. The Company manages the Romanian highway and national road network through a public service contract.
EBRD Finance Summary
Up to EUR 63 million non-sovereign loan to be provided to CNAIR.
Total Project Cost
Additionality sources include the following components: (i) financing structure and (ii) support to achieve higher asset management standards.
Environmental and Social Summary
Categorised B (2019 ESP) the project involves operation, maintenance and rehabilitation of highways and national roads. Key E&S risks include: occupational health and safety (for maintenance workers), traffic and road safety, labour conditions, noise and vibration, contractor management, and stakeholder engagement. The use of proceeds (long term working capital and maintenance contracts) is not directed at specific physical assets, so the Client will be required to align its corporate environmental and social management system with the PRs. Environmental and Social (E&S) due diligence is currently undertaken by an independent consultant and will include a review of the Client's E&S organisation, E&S practices and performance, and preparation of an ESAP.
This PSD will be updated based on the outcomes of the ESDD.
Technical Cooperation and Grant Financing
Total amount of EUR 650,000. Sources of funding are as follows: i) technical, financial and Environmental due diligence and procurement assistance was funded by the Shareholder's Special Fund (SSF), ii) Procurement Enhancement Programme will be funded by an international donor or SSF iii) Asset Management Planning support will be funded by an international donor or SSF.
Company Contact Information
(+4 021) 264.34.01
(+4 021) 264.34.31
Bd. Dinicu Golescu, nr.38, sector 1, Bucuresti
PSD last updated
10 Oct 2022
Further information regarding the EBRD’s approach to measuring transition impact is available here.
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Independent Project Accountability Mechanism (IPAM)
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