UPGRADE OF IRON GATE 1 NAVIGATIONAL LOCK

Project goal is to improve the technical conditions for navigation and safety of navigating ships from one water surface level to another through upgrade of navigation lock.

Project Rationale: Navigation lock at HEPS Djerdap 1 has been continuously in operation since 1970. The navigation lock is situated in km 943 of Danube River from the river estuary on Black Sea. Over the past 47 years, no significant works on the overhaul of mechanical or other equipment of the navigation lock have been conducted, due to which the functionality of this navigation lock has been jeopardized, which may potentially lead to catastrophic effects on the overall navigation on Danube and in Europe, as well as on industry and economy in this region.

Estimated Project cost: EUR 28.5 million

Funding source:

- 60% financing from EIB Framework Loan (EUR 17.1 million)
*currently under appraisal and subject to final approval of the loan

- 40% Connecting Europe Facility (CEF) fund (EUR 11.4 million)

Project implementation deadline: September 2020

 SUPERVISION SERVICE CONTRACT