Montenegro Rail Infrastructure Emergency Rehab Project II

Location:

Montenegro

Project number:

40344

Business sector:

Transport

Notice type:

Public

Environmental category:

B

Approval date:

10 Dec 2009

Status:

Repaying

PSD disclosed:

13 Aug 2009

Project Description

The EBRD is considering providing a €15 million sovereign guaranteed loan for completion of priority track rehabilitation programme on the main branch-line of the Montenegrin rail network, which provides a vital transportation link for the industrial Niksic region (the location of key industrial plants in the country supporting the main exporters: KAP/the aluminium plant and the Niksic steel mill) to the Port of Bar and the European rail network via Podgorica.

Transition Impact

The proposed Project will support the ongoing reform programme within the railway sector in Montenegro with the key medium term goals for the railway infrastructure defined as follows:

(a) implementation of effective track access charge payment mechanism following the adoption and publication of the Network Statement in January 2009;

(b) introduction of a transparent contractual relationship between Infrastructure, Rail Operations and the State;

(c) opening up of rail maintenance and rail real estate to partial or full private sector participation.

The Client

The Montenegro Railway Infrastructure Company (ZCG I) – the majority state owned manager of the rail track infrastructure in Montenegro.

EBRD Finance

€15 million sovereign guaranteed loan.

Project Cost

€17 million.

Environmental Impact

Screened B. The project is likely to result in environmental and social benefits and limited adverse impacts which will be identified and assessed through environmental and social due diligence. It will involve a review of the environmental and social performance of the existing operations and facilities, a review of the Client's capacity to manage environmental and social issues arising within the project, and an analysis of the environmental and social issues associated with the project investments. Any additional corrective measures and actions to ensure that the project meets the PRs will be incorporated in the Environmental Action Plan which was agreed in 2007.The Project Summary Document will be updated after the completion of the environmental and social due diligence, prior to Final Review.

Technical Cooperation

Project Preparation and Institutional Strengthening: The French Donor funds
Project Implementation Support: the Western Balkan Fund

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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

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 how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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