Project Description
The investment will address the priority needs of Tbilisi City identified under the Green City Action Plan. The loan will be used for setting up the first waste treatment plant in Tbilisi, aiming at diverting waste sent to the sanitary landfill.
Project Objectives
The Project aims to contribute to an improved level of solid waste services and overall improved environment in Tbilisi. The Project will also bring landfill operations in line with the relevant EU environmental standards.
Transition Impact
ETI score: 70
Green i. The Project will result in improved solid waste management and reduce the negative impacts of waste collection on the environment.
Competitive i The Project is expected to promote a shift in the Company's strategic planning towards commercialisation of recyclables business segment.
Client Information
GEORGIA SOVEREIGN
Georgia, represented by the Ministry of Finance. The Project will be implemented by Tbilisi City and Tbilservice Group Ltd.
EBRD Finance Summary
EUR 22,000,000.00
€22 million sovereign loan to Georgia.
Total Project Cost
EUR 27,000,000.00
The Project is expected to be supported by concessional financing in the form of investment grants and/or concessional loans, up to EUR 5 million.
Additionality
EBRD offers financing that is not available in the market from commercial sources on reasonable terms and conditions. Moreover, EBRD expertise in the sector will support application of enhanced standards.
Environmental and Social Summary
Categorized B (ESP 2019) and low-medium risk. The Environmental and Social impacts associated with the waste treatment and sorting line within the footprint of the existing landfill will be identified in the course of the Environmental and Social Due Diligence (ESDD) and are expected to be site-specific. They include, inter alia, health and safety of the workers, labour conditions, waste management, soil contamination etc. The Feasibility Study is currently underway and will be used as a basis of ESDD. Environmental and Social Action Plan (ESAP) will be developed to address any identified gaps. PSD will be updated based on the outcomes of ESDD.
Technical Cooperation and Grant Financing
The following technical co-operation ('TC') assignments are envisaged as part of this Project:
- TC 1: Technical and Economical Due Diligence, financed by EBRD Shareholder Special Fund;
- TC2: Environmental and Social Due Diligence, financed by EBRD Shareholder Special Fund;
- TC 3: Project Implementation Support, funding source to be confirmed;
- TC4: Stakeholder Participation Programme and Awareness Raising, funding source to be confirmed.
Company Contact Information
David Bodokia
dbodokia@gmail.com
995 32 2619050
www.tbsg.ge
Isani-Samgori District, Kakheti Highway 67
PSD last updated
30 Jun 2023
Understanding Transition
Further information regarding the EBRD’s approach to measuring transition impact is available here.
Business opportunities
For business opportunities or procurement, contact the client company.
For business opportunities with EBRD (not related to procurement) contact:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
For state-sector projects, visit EBRD Procurement:
Tel: +44 20 7338 6794
Email: procurement@ebrd.com
General enquiries
Specific enquiries can be made using the EBRD Enquiries form.
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 compliance@ebrd.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 ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.
