Iasi Public Transport Infrastructure

complete

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. Commercialisation and improved system management: Framework for markets: City of Iasi. EUR 15 million loan to the city for the rehabilitation of the tram network in Iasi. EUR 17.5 million. 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. 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.