Promoter – Financial Intermediary

Location

• Kosovo*

Description

The project concerns the rehabilitation of 139 km of single track railway from the northern border with Serbia to the southern border with FYROM.

Objectives

This is a strategic transport project, including TEN-T. Furthermore, the project will contribute to the objective of Economic and Social Cohesion.

Comments

* This designation is without prejudice to positions on status, and is in line with UNSCR 1244/1999 and the ICJ Opinion on the Kosovo declaration of independence. This operation is covered by the EU Guarantee for EIB loans outside the EU.

Sector(s)

• Transport - Transportation and storage

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Proposed EIB finance (Approximate amount)

EUR 80 million

Total cost (Approximate amount)

EUR 245 million

Environmental aspects

If situated in the EU, the project would fall under Annex II of the EIA Directive 2011/92/EU and would therefore be subject to a screening decision to determine whether an EIA procedure is necessary. The environmental procedure applied on the project as well as its potential for negative social impacts are to be further assessed during appraisal.

Procurement

The Bank will require the Promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.

Status

Signed - 8/12/2015