R2CF Ilfov Sub-project
Municipal and environmental infrastructure
17 Jul 2015
02 Jun 2015
Translated version of this PSD: Romanian
The EBRD is considering a loan of up to RON 28 million (€6.5 million) to S.C. Apa Canal Ilfov S.A. (the “company”), a regional operating company providing water and wastewater services in Ilfov County, in Romania’s south east, around the capital Bucharest.
The loan will co-finance the company’s RON 308.4 million (€ 68.5 million) regional investment programme approved by the EU under Romania’s Cohesion Fund Programme (the “project”).
The proposed transaction will enable the company to expand and modernise its water and wastewater network, resulting in improved water and wastewater services for 8 localities and 60,000 inhabitants of Ilfov County.
The proposed investments will enable the company to: (1) increase access to water supply and wastewater treatment in the covered area; (2) reduce water losses and increase operating efficiencies; and, (3) reach compliance with the EU Water and Wastewater Directives in its service area.
R2CF Ilfov together with other sub-projects under the Framework will support environmental improvements, will assist the company to become a viable regional operator, will promote tariff unification to reduce the differential between residential users as the project will help improve access to water and wastewater services in the smaller localities and bring them to one level. Possibilities to involve private sector in areas where it can improve operations and save costs are also envisaged.
S.C. Apa Canal Ilfov S.A. is a regional operating company providing water and wastewater services in Ilfov County, in south-east Romania.
A senior loan of up to RON 28 million (€6.5 million) to the company.
RON 308.4 million (€68.5 million).
Environmental and social categorisation, impact, and mitigation
Categorised B (2014). The Project will improve the water and wastewater service provisions in terms of accessibility and reliability for 20 per cent of Ilfov County’s population. An independent environmental and social due diligence will review the approved EU application for Ilfov sub-project under R2CF framework extension against Bank’s performance requirements and relevant EU standards, and carry out an environmental and social audit and analysis of the company’s corporate and operational level policies, procedures and operations. An environmental and social action plan (ESAP) will be developed to address any issues identified by this audit in order to comply with the Bank’s performance requirements including a Stakeholder Engagement Plan (SEP). Also, a Non-Technical Summary (NTS) will be developed and published.
The project will benefit from technical cooperation under the original Framework and its extension, including:
Environmental and Social Due Diligence and a gap analysis (up to €20,000).
Institutional and financial analysis of the company (€20,000).
Benchmarking and Financial and Operating Performance and Improvement Programme (“FOPIP”) technical cooperation, up to €15,000, as approved under the MoU to cover 40 water utilities in Romania (€1.8 million financed by the Government of Romania from the EU-financed environmental programme).
Preliminary assessment of the private sector participation potential of the company (up to €15,000).
For business opportunities or procurement, contact the client company.
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