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Provision of up to EUR 700 million for a second Green Cities Framework ('GrCF2'), to support investments related to Green Cities.
The over-arching aim of the GrCF2 is to continue to serve as a sector-wide catalyst for addressing environmental challenges at the city level. This will be achieved through the preparation and subsequent implementation of Green City Action Plans ("GCAP"). GCAP methodology takes a systematic approach to identifying, benchmarking, prioritising and guiding green city actions by cities.
The process involves four steps:
1. Green city baseline and priority setting: measuring the current status of environmental challenges in the city based on 70 core indicators and identifying the priority environmental
challenges that need to be addressed.
2. Green City Action Plan: preparing a document that articulates the city's vision, strategic objectives and priority actions and investments to address priority environmental challenges and
meet the objectives.
3. Implementation: execution of the GCAP.
4. Monitoring and evaluation: monitoring the GCAP results and updating the GCAP as necessary.
Thus GCAPs will be used as a means of identifying priority environmental and climate change challenges facing a city and subsequent green investments and policy interventions, together with wider strategic objectives in this field. Beyond GCAPs, the sub-projects will address company financial and operational performance, together with implementation capacity, where required and support their access to capital markets.
The GrCF2 and each sub-project within the Framework will promote significant environmental improvements and support the Green transition quality through the development and implementation of GCAPs for the respective cities. The Framework will also pursue TI objectives related to the Wellgoverned transition quality through the support of better institutional capacity for planning, regulating and monitoring environmental activities and through better contractual, financial and operational clarity in the relevant sectors.
The Clients (borrowers) for the GrCF2 will include governments, municipalities, municipal owned utility companies and private companies providing municipal services.
EBRD Finance Summary
The Framework will consist of public (both sovereign and non - sovereign) and private loans, in an aggregate amount of up to EUR 700 million.
Total Project Cost
The total cost of the GrCF2 is estimated at up to €1,149 million including co-financing provided by international donors.
The GrCF2 will also benefit from technical cooperation assignments to support preparation and implementation of sub-projects.
Environmental and Social Summary
The Framework itself is not categorised. Each sub-project will be individually categorised and will be subject to sub-project specific Environmental and Social Due Diligence and Environmental and Social Action Plan. The sub-Projects under the GrCF will also meet the specific eligibility criteria of the Framework, including that they result in significant environmental benefits. All sub-Projects categorised as "A", which are not expected to be significant in number, will be submitted to Board for approval regardless of the size of the loan.
A comprehensive TC package is envisaged to be deployed in support of the Framework and subprojects.
The TC assignments will be deployed taking into account country and city specifics, designed to the specific needs of each client. The following TC assignments are envisaged:
- Green City Action Plans and Policy Dialogue
- Pre-signing: Feasibility Studies; Gender Advisory Services Programme;
- Post-signing: Technical Assistance and Capacity Building Project Implementation Support; Green Capital Market Roadmaps and Civil Society Capacity Building.
The TC is expected to be funded by the GCF; the EBRD Shareholder Special Fund ('SSF') and other bilateral or multilateral donors.
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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