Sofia Water System Concession Loan Extension

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 3550

Status Cancelled

Location

Bulgaria

Business Sector

Municipal Infrastructure

Notice Type

Private

Project ID 3550

Status Cancelled

Location

Bulgaria

Business Sector

Municipal Infrastructure

Notice Type

Private

Environmental Category

Approval Date

03 Oct 2000

Disclosure date

04 Sep 2001

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

Extending the current senior loan to Sofiyska Voda AD (the Project).

Project objectives

The Project is to refinance subordinated loan provided by Veolia Voda (Sofia) BV to the Company.

Transition impact

Transition Impact comes from supporting a private concession in water sector in Sofia and in assisting the development of regulatory authority. To date the expected TI deriving from the original project is met.

The client

Sofiyska Voda AD, a joint stock company organised in Bulgaria, and responsible as concessionaire (the Company). The Company is owned by Veolia Voda (Sofia) BV (77.1 per cent) and ViK (22.9 per cent) which is a municipal company owned by the City of Sofia (the City). Veolia Voda (Sofia) BV is 100 per cent owned by Veolia Voda, a subsidiary of Veolia Environment group.

EBRD finance

The operation entails up to EUR 36.2 million extension of the Bank’s existing A/B loan to the Company.

Total project cost

The total project cost is EUR 36.2 million.

Environmental and social categorisation, impact, and mitigation

The original project was screened B under 2008 Environmental and Social Policy. This transaction involves no new CAPEX investments and will not have adverse future E&S impacts. The Company has been reporting its E&S management in accordance with Environmental and Social Action Plan (ESAP) appropriately. ESAP might be updated to meet the Bank’s 2014 PRs as required.

Technical cooperation

None

Transition impact

ETI Score:130

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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Sofia Water System Concession Loan Extension

Project description

Project objectives

Transition impact

The client

EBRD finance

Total project cost

Environmental and social categorisation, impact, and mitigation

Technical cooperation

Transition impact

PSD last updated

Business opportunities

General enquiries

Public Information Policy (PIP)