Green Cities

Sub-projects signed under this framework

Translated version of this PSD: Georgian

Project Description

Provision of EUR 250 million for a Green Cities Framework ('GrCF'), to support investments related to Green Cities.

Project Objectives

The over-arching aim of the GrCF is 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 challenges facing a city and subsequent green investments, together with wider strategic objectives in this field. Beyond GCAPs, the GrCF sub-projects will address company financial and operational performance, together with implementation capacity, where required.

Transition Impact

Strong Good

The GrCF 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.

Client Information

The Clients (borrowers) for the GrCF will include governments, municipalities, municipal owned utility companies and private companies providing municipal services.

EBRD Finance Summary

EUR 250,000,000.00

The Framework will consist of sovereign, non - sovereign and private loans, in an aggregate amount of up to EUR 250 million.

Total Project Cost

EUR 250,000,000.00

The total cost of the GrCF is estimated at €250 million. The GrCF will also benefit from technical cooperation assignments to support preparation and implementation of sub-projects.

Environmental and Social Summary

The FW is not categorised under the 2014 Environmental and Social ("E&S") Policy, however each sub-project will be. The sub-projects are expected to bring substantial environmental benefits to the
subject cities and the surrounding communities. The environmental and social due diligence for each sub-project will include an assessment of potential E&S impacts and benefits. Environmental and
Social Action Plans and Stakeholder Engagement Plans, including a grievance mechanism, will be developed to structure the project to meet EBRD Performance Requirements.

Technical Cooperation

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:

Framework level

• Green City Action Plans and Policy Dialogue

Sub-project level

• Pre-signing: Feasibility Studies; Gender Advisory Services Programme;
• Post-signing: Technical Assistance for Capacity Building and Project Implementation Support.

The TC is expected to be funded by the EBRD Shareholder Special Fund ('SSF') and other bilateral or multilateral donors.