Project description
and objectives:
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The project involves a loan to the Ufa Municipal Company for Housing
Management and Engineering Support (the “Company” or the ”Borrower”), a
municipal unitary enterprise, wholly owned by the City of Ufa (the “City” or
the “Guarantor”) in the Republic of Bashkortostan in Russia. The business
purpose is to finance the rehabilitation and modernisation of existing Central
Heating Sub-stations and the introduction of new, compact Individual Heating
Sub-stations in residential apartment buildings in the City.
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Transition
impact:
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The project will have an impact on the transition process through tariff
reform including:
(i) bringing tariffs to cost recovery levels
(ii) billing according to actual consumption (installation of meters); as well
as transfer of skills during the implementation phase including the
procurement, design, installation and contracts supervision in accordance to
the best available international engineering practice.
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The client:
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The borrower is the Ufa Municipal Company for Housing Management and
Engineering Support. The City of Ufa acts as guarantor.
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EBRD
finance:
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Senior loan of €10 million in RUB (RUB 360 million) to the company.
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Total project cost:
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Equivalent to €15 million.
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Environmental impact:
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Screened B/1.
The potential project has significant environmental objectives. An
Environmental Analysis will be carried out by international consultants as
part of the feasibility study. This section will be updated and amended as
soon as the environmental due diligence has been completed.
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Technical
cooperation:
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Technical Feasibility Study financed by the Finnish Ministry of Trade and
Industry (€130,000).
Project Engineer (€300,000) financed by Norway.
Contract
Supervisor (€300,000) financed by Finland.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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EBRD contact:
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Nadezhda Klyuchnikova, Operation Leader: klyuchnn@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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