KOMI MUNICIPAL WATER SERVICES - SYKTYVKAR

Location:

Russia

Project number:

22163

Business sector:

Municipal and environmental infrastructure

Notice type:

Public

Environmental category:

B

Target board date:

25 Nov 2003

Status:

Repaying

PSD disclosed:

10 Feb 2003

Project Description

The proposed project involves a loan to the water utility (Vodocanal) of Syktyvkar in the Republic of Komi in Russia. The business purpose is to rehabilitate water and waste-water infrastructure and services in the municipalities and at the same time strengthen the water utility’s financial and operational performance.

Transition Impact

The proposed project will have an impact on the transition process through corporatisation and commercialisation of the Vodocanal, through improved financial and operational performance and development of scope for a service contract.  

The Client

The borrower is the water utility of Syktyvkar. the Republic of Komi acts as guarantor.

EBRD Finance

Senior loan of €10 million in RUB to Syktyvkar water utility. The NDEP (Northern Dimention Environmental Partnership) co-finances by a grant of €3.1 million.

Project Cost

Equivalent to €21 million.

Environmental Impact

Screened B/0.
The Project has mainly environmental objectives. An Environmental Analysis is being carried out by international consultants as part of the feasibility study.

Technical Cooperation

Technical Feasibility Study financed by the Swedish ‘SIDA’ (€500,000).
Corporate Development programme financed by the Canadian ‘CIDA’ (€400,000). PIU support financed by Finland (€200,000). Project Engineer financed by NDEP (€600,000). Creditworthiness Enhancement Programme financed by EU (€200,000).
 

Business opportunities

For business opportunities or procurement, contact the client company.

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Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.