The provision of a sovereign loan of up to US$ 10 million (€10 million) to the Republic of Uzbekistan (RoU) to fund its contribution to the new Uzbekistan PPP Project Development Facility (UPDF), which will be set up to finance the preparation costs of public private partnership (PPP) projects in Uzbekistan (the Project).
The project will secure a dedicated pot of funding needed to prepare a series of priority PPPs for the market in a streamlined programmatic manner.
ETI score: 68
Primary TI Quality: Competitive. The UPDF will prepare PPP projects that provide value for money compared to standard public procurement and will foster the private sector participation in the provision of infrastructure services.
Secondary Quality i Well Governed. The UPDF will build capacity inside the government by providing financial and human resources and reducing their dependence on IFIs over time to implement infrastructure projects.
Ministry of Finance of the Republic of Uzbekistan
EBRD Finance Summary
Total Project Cost
- The EBRD offers a tenor and/or a grace period above the market average, which is necessary to structure the project. The EBRD investment is needed to close the funding gap. At the same time, the EBRD does not crowd out other sources, such as from IFIs, government, commercial banks and/or complements them.
- The EBRD supports the client in achieving higher standards through its conditionalities (e.g. Bank's Procurement Policies).
- The EBRD provides expertise, innovation, knowledge and capabilities that are material to the timely preparation of PPP projects', including support to strengthen the capacity of the client.
Environmental and Social Summary
Uzbekistan PPP Project Development Facility (UPDF) Framework is not categorised. However, each public-private partnership ("PPP") project prepared under the UPDF, if financed by the EBRD, will be categorised on a case-by-case basis. Based on the project risk and category, appropriate environmental and social due diligence (ESDD) will be undertaken to ensure that each project under the UPDF is structured to comply with the the EBRD's Performance Requirements. Key risks associated with PPP deals in Uzbekistan may relate to biodiversity, water use and pollution, noise, land acquisition and resettlement, labour and working conditions, and cultural heritage. Adequate resources for ESDD and capacity building of the granting authorities will need to be provided. For PPP projects involving solar panels the due diligence should be carried out in line with the Management Approach for Solar Risk Management. Paris alignment, physical climate risk and any GET share will be assessed during due diligence of each PPP project.
Technical Cooperation and Grant Financing
Subject to PPP projects' acceptability and standard the EBRD approvals for non-transaction TCs, the EBRD intends to mobilise grant funding on a case by case basis of up to US$ 10 million over the course of the initial four year operational period of the UPDF from international donors and the EBRD Shareholder Special Fund.
Company Contact Information
16 Sharof Rashidov Avenue, Tashkent City, 100017, Uzbekistan
PSD last updated
14 Sep 2022
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Environmental and Social Policy (ESP)
The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.
More information on the EBRD’s practices in this regard is set out in the ESP.
Integrity and Compliance
The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.
OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to email@example.com. All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.
Access to Information Policy (AIP)
The AIP 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 following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.
Specific requests for information can be made using the EBRD Enquiries form.
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email firstname.lastname@example.org to get guidance and more information on IPAM and how to submit a request.