BUCHAREST MULTI-SECTOR PROJECT (MUNICIPALITY)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 26313

Status Complete

Location

Romania

Business Sector

Municipal Infrastructure

Notice Type

Public

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 26313

Status Complete

Location

Romania

Business Sector

Municipal Infrastructure

Notice Type

Public

Environmental Category

Approval Date

08 May 2002

Disclosure date

15 Mar 2002

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

Proposed €51.5 million loan to the General Council of the City of Bucharest to finance investments in a traffic management system, renovation of part of the old city centre, and district heating. The transaction will provide the first loan to the CGMB on commercial terms and without a guarantee from the Central Government.

Transition Impact

The transaction will (i) facilitate the CGMB’s access to finance from the commercial market; (ii) provide for outsourcing of key municipal services within the urban transport sector; (iii) include a credit enhancement programme for the CGMB; and (iv) introduce commercial practice in the provision of heat and hot water services.

The Client

General Council of the City of Bucharest (CGMB).

EBRD Finance

A €51.5 million unsecured senior loan to the CGMB to be repaid from the CGMB general revenues. Part of the loan might be syndicated under the Bank’s A/B-loan structure.

Project Cost

The total project cost is estimated at €51.5 million.

Environmental Impact

The project has been screened B/0 requiring an environmental analysis.

Technical Cooperation

None.

Transition impact

ETI Score:60

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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