BUCHAREST MULTI-SECTOR PROJECT (MUNICIPALITY)
Municipal and environmental infrastructure
08 May 2002
15 Mar 2002
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.
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.
General Council of the City of Bucharest (CGMB).
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.
The total project cost is estimated at €51.5 million.
The project has been screened B/0 requiring an environmental analysis.
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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