Translated version of this PSD: Romanian
The EBRD is considering providing a senior loan of up to EUR 20 million to Compania de Transport Public Cluj-Napoca S.A. (the "company"), a joint-stock company wholly-owned by the Municipality of Cluj-Napoca (the "city") and provider of public transport services in the City. The loan will finance part of the company's rolling stock renewal through the purchase of up to 50 new EURO-6 buses and 7
trams, in line with applicable EU requirements (the "project").
The project is proposed under Romania: Sustainable Mobility and Access to Road Transport ("SMART") Framework which was approved by the EBRD Board of Directors on 25 November 2015.
The project aims to improve the daily mobility of citizens and reduce pollution caused by traffic congestion, in line with the city's Sustainable Urban Mobility Plan ("SUMP"), focusing on the modernisation of its public transport system.
Transition Impact is expected to derive from the following:
- Supporting commercialisation and corporate development with support from a twinning partner.
- Enhancing the public transport regulation in the metropolitan area
- Setting a benchmarking programme for transport operators across the country.
COMPANIA DE TRANSPORT PUBLIC CLUJ-NAPOCA
Compania de Transport Public Cluj-Napoca S.A. is a joint-stock company wholly-owned by the Municipality of Cluj-Napoca.
EBRD Finance Summary
A senior loan of up to EUR 20,000,000 to the company.
Total Project Cost
The total cost of the project is estimated at EUR 24,800,000.
Environmental and Social Summary
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 new rolling stock, in line with the EU environmental 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 Companyis 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. The Environmental Social Action Plan ("ESAP") will be developed to address any required improvement and mitigation measures.
The project will benefit from technical cooperation under the SMART Framework including:
Technical, institutional, economic and environmental due diligence to include (i) a technical review of the project (ii) support for drafting functional specifications of the rolling-stock to be procured and support for the tendering process; (iii) a financial and economic review of proposed investments (EIRR), and (iv) an environmental analysis of the Project.
Support for corporate development and commercialisation. A twinning agreement with a high quality operator is envisaged to assist the Company with the preparation of a long-term business plan and the implementation of more cost-efficient operations.
Support for setting up a benchmarking Programme. This will be provided under the SMART Framework with the scope to provide the public transport operators with a tool to compare operational performance over time and to gain information relative to industry standards that helps them take action towards improved performance.
Company Contact Information
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (firstname.lastname@example.org) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.