Project Description
The proposed project includes the rehabilitation of up to 15 kilometres dual track tram infrastructure in the City of Iasi. The Bank’s funds will be used to finance track renewal as well as upgrading of power supply.
The investments will contribute to reduce noise and vibrations in the City centre and increase the commercial speed of the trams on the renewed sections.
Transition Impact
Commercialisation and improved system management:
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The proposed project will improve the performance of the urban transport sector through improved commercialisation of the public transport company (“RATP”) and assistance to the Company to identify cost-effective out-sourcing options.
- A Public Service Contract will be concluded between the municipal transport company RATP and the City providing for service and commercial performance standards to be achieved by RATP.
Framework for markets:
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Unified tariff system, rationalisation of fare policy and development of an on-going route-tendering regime for maxi-taxis will encourages competition and achieves EU safety and environmental standards.
- This will be supported by a public transport regulation and restructuring programme to assist with the introduction of a Public Service Contract between the City and the public transport company and advice on rationalisation of public transport services.
The Client
City of Iasi.
EBRD Finance
EUR 15 million loan to the city for the rehabilitation of the tram network in Iasi.
Project Cost
EUR 17.5 million.
Environmental Impact
B/1 screened project. Environmental impacts associated with improvement of urban transport facilities can be readily identified and addressed through adequate mitigation measures. An environmental audit will be carried out. The refurbishment of the tram infrastructure system will help improve public transport services as well as reduce traffic, air emissions, noise and will contribute to improvement of the air quality in the City of Iasi. An Environmental Action Plan will be developed as part of the Environmental Due Diligence. The Project will meet the Bank’s public consultation requirements and provisions under the Bank’s Environmental Policy for category B projects as applicable.
Technical Cooperation
The Project will benefit from a technical, economic and environmental due diligence funded from the Swiss State Secretariat for Economic Affairs (SECO).
It is expected that further Technical Co-operation assistance will be provided to assist
(i) the City with a Public Transport Regulation and Restructuring Programme and
(ii) the Company with a Corporate Development Programme.
Business opportunities
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com
General enquiries
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
