Translated version of this PSD: Macedonian
The EBRD is considering providing a €17.6 million sovereign loan to finance track renewal along the Corridor X railways line in FYR Macedonia. This will take the form of the replacement of wooden with concrete sleepers and the supply of new rails where, applicable, along approximately 50 km of track.
The Project will contribute to transition through the provision of further assistance to the on-going railway restructuring process. This will take the form of ensuring that there is the correct environment for open access, through support for the rail regulator and assisting the MOT with the establishment of a safety function within this entity. The project will also address cost recovery by assisting in defining an appropriate level and structure for the Public Service Obligation (PSO).
The Client for this project is the Public Enterprise for Railway Infrastructure (‘PERI’), the state-owned enterprise responsible for the provision and maintenance of the railway infrastructure in FYR Macedonia.
The EBRD will provide a sovereign loan of EUR €17.6 million. Technical co-operation funds are also being provided (see below).
The total project cost is €19.7 million, with EBRD providing loans of €17.6 million.
Categorised B (2008). The environmental and social due diligence, which is currently ongoing, will assess the current status of EHS management systems at PERI as well as identifying and assessing potential environmental impacts and benefits of the project. An Environmental and Social Action Plan (ESAP) will be developed to structure the project to achieve compliance with the relevant Performance Requirements (PRs). On the basis of a site visit already undertaken by the Bank’s Environmental Specialist, the renewal of new track along Corridor X is likely to result in significant environment and safety benefits and limited adverse environmental and social impacts.
The following technical co-operations funds are envisaged as part of this project:
- Assistance with Project Implementation. €400,000. Funding to be sought from bi-lateral donors
- Assistance with Sector Restructuring. €400,000. Funding to be sought from bi-lateral donors
- Feasibility study for Corridor VIII. €500,000. Funding from the Central European Initiative (‘CEI’) has been confirmed.
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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