Brasov County Road Project

complete

The proposed project will support funding for one of the county’s most important infrastructure responsibilities: road transport. The Bank will provide funding for the upgrade and rehabilitation of county roads. As part of the Project, the Bank would provide TC funds to the county for the institutional strengthening and compilation of an EU structural fund application, for which the Bank could potentially provide co-financing. The proposed project would involve the implementation of a pilot programme to involve private sector contractors/operators in the maintenance of county roads through the tendering of performance-based contracts developed in conjunction of the implementation of the road investments. The project will provide a demonstration impact to administrations in the 40 Romanian counties of more efficient methods for meeting their road transport needs. The possibilities for creating a dedicated road fund on a county level will be investigated. The County of Brasov. Up to €15.0 million loan (or RON equivalent) to the County (the “County Road Loan”) for the reconstruction and refurbishment of county roads. Part of the loan to the county will be syndicated to one or several commercial banks. €17.0 million Environmental issues associated with the reconstruction and rehabilitation of regional roads are not expected to have significant environmental impacts and will bring about some safety benefits. An environmental analysis will be carried out to assess environmental benefits and impacts of the project and make recommendations for mitigation measures. Pre-Signing: Post Loan Signing: