EBRD/ REGIONAL AND LOCAL ROADS PROGRAMME

Project Description

The EBRD is considering providing up to EUR 50 million to FYR Macedonia’s Fund for National and Regional Roads (“FNRR”), to finance a programme of maintenance and rehabilitation of regional and local roads in the various parts of the country, covering about 1,000 km. These roads provide access to the main corridors and to the core network of main roadswhich will facilitate regional development and economic growth. The project is part of the Macedonian government’s Programme for Local and Regional Roads . The proposed EBRD financing will be provided in parallel with the World Bank (‘WB’),

Transition Impact

The project includes a programme of institutional strengthening of the FNRR and restructuring of Makedonijapat the public road maintenance company as well as providing support in the development of a proposed new Roads Law. The project will also have a positive impact on the overall economic development of the FYR Macedonia and facilitate regional integration by providing effective access to the strategic road network.

EBRD Finance

EUR 50 million senior loan to the Government of the Macedonia.

Budget

Budget: up to EUR 130 million.

Technical Cooperation

The following non-reimbursable TC is proposed:

-Assistance with the restructuring of the FNRR and Makedonijapat (EUR 1.5 million).
- Assistance to the Project Implementation Unit (‘PIU’) in the tendering and implementation of this project. (EUR 1 million).
- Technical Audit of FNRR civil work’s programme.
- Lender’s Monitor.

Deadline: 29 March 2013

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