Project description
and objectives:
|
The proposed project involves a loan to the water utility (Vodocanal) of
Syktyvkar in the Republic of Komi in Russia. The business purpose is to
rehabilitate water and waste-water infrastructure and services in the
municipalities and at the same time strengthen the water utility’s financial
and operational performance.
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Transition
impact:
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The proposed project will have an impact on the transition process through
corporatisation and commercialisation of the Vodocanal, through improved
financial and operational performance and development of scope for a service
contract.
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The client:
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The borrower is the water utility of Syktyvkar. the Republic of Komi acts as
guarantor.
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EBRD
finance:
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Senior loan of €10 million in RUB to Syktyvkar water utility. The NDEP
(Northern Dimention Environmental Partnership) co-finances by a grant of €3.1
million.
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Total project cost:
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Equivalent to €21 million.
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Environmental impact:
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Screened B/0.
The Project has mainly environmental objectives. An Environmental Analysis is
being carried out by international consultants as part of the feasibility
study.
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Technical
cooperation:
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Technical Feasibility Study financed by the Swedish ‘SIDA’ (€500,000).
Corporate Development programme financed by the Canadian ‘CIDA’ (€400,000).
PIU support financed by Finland (€200,000). Project Engineer financed by NDEP
(€600,000). Creditworthiness Enhancement Programme financed by EU (€200,000).
.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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EBRD contact:
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Alexander Rogachevsky, Operation Leader: rogachea@ebrd.com
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Procurement or tendering
opportunities:
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Visit EBRD Procurement
Enquiries: Tel: +44 20 7338 6794; Fax: +44 20 7338 7472, Email: procurement@ebrd.com
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General
enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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