Proposed completion of the St Petersburg Flood Protection Barrier, which currently is about 65 per cent complete, to provide flood defence to the residents of St Petersburg. EBRD's finance will be used to complete construction of the flood-related aspects of the Barrier, which will prevent serious flooding in St Petersburg, a low-lying city prone to regular flooding.
The expected transition impacts include: 1) demonstrating best international practice to complete the Barrier, including project preparation, thorough analysis of design and scope as well as competitive tendering and transparent procurement, which can be used as a model for future Gosstroy-implemented projects; 2) ensuring transparent and systematic budgeting for maintenance costs in the municipal budget, in the long-run through cost recovery to beneficiaries; and 3) introducing best international practice to complete the Barrier, including project preparation, thorough analysis of design and scope as well as competitive tendering and transparent procurement, which can be used as a model for future Gosstroy-implemented projects.
The Russian government, with the State Committee of the Russian Federation for Construction and Housing Complex (Gosstroy) as implementing agency.
Sovereign loan of up to US$ 215 million (€225 million) to the Ministry of Finance of the Russian Federation. The Nordic Investment Bank and the European Investment Bank are also considering providing finance to the project.
Estimated capital costs of US$ 418 million (€440 million) to complete the Barrier.
EBRD screened the project A/0 requiring an Environmental Impact Assessment (EIA) and public consultation.
Summary of Environmental Impact Assessment:
Construction of the Barrier commenced in 1980 but was curtailed in 1987 due to public concern at that time that the Barrier would have a negative impact on the environment. An International Commission determined in 1990 that the impact of the Barrier on the environment was neutral. EBRD screened the project A/0 requiring an Environmental Impact Assessment (EIA) and public consultation. The EIA was carried out in 2001-2002 by Nedeco-WL Delft Hydraulics, a Dutch environmental consultancy, on behalf of Gosstroy, the implementing agency.
The main conclusions of the EIA are the following:
The city has flooded approximately once a year for the past 300 years and about twice a year in the last 20 years;
The completion and operation of the Barrier are designed to meet relevant Russian and EU environmental, health and safety standards:
At present, the water quality in Neva Bay is poor primarily due to inadequate waste water treatment in St Petersburg;
The environmental investigations have shown that the completion of the Barrier will have no significant impact on the water quality in the Neva Bay and the adjacent Gulf of Finland; and
The safety of navigation to and from the ports will increase.
These conclusions agree with those of earlier studies, notably the Report of International Commission (1990) and the St Petersburg Flood Protection Barrier Pre-Feasibility Report (GIBB, 1997)
The Environmental Impact Assessment and its Executive Summaries are disclosed for public review and comments at Gosstroy’s offices in Moscow and St Petersburg, public libraries in St Petersburg and EBRD’s St Petersburg RO and the Business Information Centre in London for a 120 days public consultation period in accordance with EBRD’s Environmental Procedures and EBRD’s Public Information Policy. An exposition on the results of the EIA will be held in St. Petersburg, Hall of Investment Projects, Ploshad Ostrovskovo, 11 on 17-18 July 2002, and in the House of Scientists, Dvortsovaya naberezhnaya, 26, on 19 July 2002 with a public meeting at 1:00 p.m.
Project preparation efforts to date have been funded by Senter International (Netherlands ministry of Economic Affairs) (€1,581,084), The Japan Europe Cooperation Fund (€198,180) and Taipei China - European Bank Cooperation Fund (€143,682) and the European Commission Tacis programme (€126,000).
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Text of the PIP
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