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A housing project such as this project has specific environmental impacts
which, however, can be readily identified and mitigated through adequate
measures and application of good international practice. For the above
reasons, the EBRD has classified the project B/1 requiring an Environmental
Analysis and Audit of the proposed site and associated facilities.
An environmental analysis of the existing situation and future impact has been
carried out as part of the feasibility study by independent consultants funded
by the EU. The analysis confirms that there are no significant environmental
issues associated with the Project. Further documentation on the project will
be reviewed by the Bank in due course.
The review confirms that there are no significant environmental impacts
associated with the project and site. The City will need to ensure that the
re-housing process is conducted in accordance with the EBRD’s Environmental
Policy requirements. The newly established municipal housing development
agency ( MHDA) will be required to supervise private contractors retained for
project implementation in terms of compliance with prescribed Russian and EU
environmental, health, safety and labour standards during project
implementation.
The Project will involve significant social and environmental opportunities:
improvements in housing conditions and energy saving through lower demand for
heat.
The Bank will evaluate the project’s compliance with the applicable
environmental and social requirements during the lifetime of the project by
reviewing annual environmental reports (AER) prepared for the project
covering: (1) on-going project-specific environmental, health and safety
performance including legal compliance, and (ii) the status of implementation
of environmental and social mitigation measures.
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