Translated version of this PSD: Romanian
A loan of up to RON 112,500,000 to the City of Constanta for the acquisition of up to 120 new EUROVI standard compliant buses.
The project aims to improve the daily mobility of citizens and reduce pollution, in line with the city's Sustainable Urban Mobility Plan which focuses on the modernisation of the public transport system.
The proposed project fits under the public transport window of the EBRD-led SMART Framework, with transition impact expected to stem from:
- Establishment of a new regulatory body with adequate capacity to successfully contract and manage urban transport services in the metropolitan area;
- Commercialisation of the public transport services and signing of an EU-compliant Public Service Contract (PSC) between the city and the public transport operator;
- Participation of the city and its transport operator in a public transport benchmarking programme.
CITY OF CONSTANTA
The city of Constanta is one of the largest cities in Romania with a population of approximately 425,000. It is an important commercial, trading and touristic hub and is home to the largest Black Sea port.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
The proposed project has been categorised B in accordance with the 2014 EBRD Environmental and Social (E&S) Policy, as the potential impacts are expected to be site specific and readily identifiable and addressed through mitigation measures.
The environmental and social due diligence for the project, which is ongoing, includes an independent third party environmental and social audit to assess the client's management capacity and systems to manage environment, health, safety and labour issues in its operations and an analysis of the potential (future) E&S impacts and benefits. It will also assess the client's ability to carry out the project in compliance with the Bank's performance requirements.
An Environmental and Social Action Plan (ESAP) will be prepared for the project, and a stakeholder engagement plan will be developed that will include a grievance mechanism as well as information on environmental and social performance. A summary of the agreed action plan will be released to
This project summary document will be updated when the results of due diligence are known.
Technical, economic and environmental due diligence to include: (i) a technical review of the existing feasibility studies; (ii) support for procurement of buses; (iii) a financial and economic review of proposed investments (EIRR); and (iv) an environmental and social analysis of the project including a gender assessment to assess the provision of gender-sensitive services as well as equal employment opportunities for women and men.
Post-Signing (under SMART Framework)
TC support for corporate development and commercialization. The TC would cover capacity building to support the creation and establishment of the regulatory body Inter-Community Development Association for Transport (IDAT), preparation of a business development plan, commercialisation of services and a corporate governance action plan, as well as a revised EU compliant PSC to be signed between the city and the public transport operator.
- Support for participation in a public transport benchmarking programme. The scope is 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
Public Information Policy (PIP)
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Text of the PIP