Project number:


Business sector:

Municipal and environmental infrastructure

Notice type:


Environmental category:


Approval date:

25 Nov 2003



PSD disclosed:

10 Feb 2003

Project Description

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.

Transition Impact

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.  

The Client

The borrower is the water utility of Syktyvkar. the Republic of Komi acts as guarantor.

EBRD Finance

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.

Project Cost

Equivalent to €21 million.

Environmental Impact

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.

Technical Cooperation

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).

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

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