The proposed project will support funding for one of the county’s most important infrastructure responsibilities: road transport.
The Bank will provide funding for the upgrade and rehabilitation of county roads. As part of the Project, the Bank would provide TC funds to the county for the institutional strengthening and compilation of an EU structural fund application, for which the Bank could potentially provide co-financing.
The proposed project would involve the implementation of a pilot programme to involve private sector contractors/operators in the maintenance of county roads through the tendering of performance-based contracts developed in conjunction of the implementation of the road investments.
The project will provide a demonstration impact to administrations in the 40 Romanian counties of more efficient methods for meeting their road transport needs. The possibilities for creating a dedicated road fund on a county level will be investigated.
The County of Brasov.
Up to €15.0 million loan (or RON equivalent) to the County (the “County Road Loan”) for the reconstruction and refurbishment of county roads. Part of the loan to the county will be syndicated to one or several commercial banks.
Environmental issues associated with the reconstruction and rehabilitation of regional roads are not expected to have significant environmental impacts and will bring about some safety benefits. An environmental analysis will be carried out to assess environmental benefits and impacts of the project and make recommendations for mitigation measures.
- Creditworthiness up-date of three counties (including Iasi), to be completed in December 2005.
- Project prioritisation and identification for two counties (including Iasi), and scoping for implementation of Regional Transport Department.
Post Loan Signing:
- Road Management Assistance Programme (“Road MAP”): Institutional capacity development of the County including support for the preparation of an EU structural fund application and establishment of a Regional Transport Department within the County Administration which will advise on pre-accession issues, establish standard methodologies and assist with project structuring and implementation.
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