The EBRD is considering extending a financing to the City of Brasov to complement an existing loan signed in 2005. The operation will enable the City to continue a comprehensive street rehabilitation programme, along key public transport corridors in the City centre, financed by the original loan.
Transition impact will be delivered through continued assistance provided by the Bank to the City of Brasov in restructuring of the public transport network and reduction of transport congestion.
The project is designed to support transition achieved through the earlier transaction. It will assist the client to modernise further the urban transport sector, which plays a fundamental role in enabling the basic functioning of any urban economy.
The City of Brasov (the City), Romania.
Up to EUR 7.5 million loan to the City.
The total cost of the project has been estimated at EUR 9.0 million.
The original project was screened B/1 requiring an Environmental Analysis and audit. The proposed project will also contribute to improving public transport reliability, safety and efficiency, will reduce congestion, and help maintain the market share of public transport, with associated air quality benefits. Environmental investigations, which are currently underway, will identify any further potential environmental impacts associated with the extension and update of the environmental and social action plan (ESAP), to ensure compliance with both national and European Union environmental, health and safety requirements.
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Text of the PIP
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.