Ufa District Heating Loan

Location:

Russia

Project number:

35733

Business sector:

Municipal and environmental infrastructure

Notice type:

Public

Environmental category:

B

Approval date:

26 Jul 2005

Status:

Completed

PSD disclosed:

11 Apr 2005

Project Description

The project involves a loan to the Ufa Municipal Company for Housing Management and Engineering Support (the “Company” or the ”Borrower”), a municipal unitary enterprise, wholly owned by the City of Ufa (the “City” or the “Guarantor”) in the Republic of Bashkortostan in Russia. The business purpose is to finance the rehabilitation and modernisation of existing Central Heating Sub-stations and the introduction of new, compact Individual Heating Sub-stations in residential apartment buildings in the City.

Transition Impact

The project will have an impact on the transition process through tariff reform including:

(i) bringing tariffs to cost recovery levels

(ii) billing according to actual consumption (installation of meters); as well as transfer of skills during the implementation phase including the procurement, design, installation and contracts supervision in accordance to the best available international engineering practice.

The Client

The borrower is the Ufa Municipal Company for Housing Management and Engineering Support. The City of Ufa acts as guarantor.

EBRD Finance

Senior loan of €10 million in RUB (RUB 360 million) to the company.

Project Cost

Equivalent to €15 million.

Environmental Impact

Screened B/1.

The potential project has significant environmental objectives. An Environmental Analysis will be carried out by international consultants as part of the feasibility study. This section will be updated and amended as soon as the environmental due diligence has been completed.

Technical Cooperation

Technical Feasibility Study financed by the Finnish Ministry of Trade and Industry (€130,000).

Project Engineer (€300,000) financed by Norway.
Contract Supervisor (€300,000) financed by Finland.

 

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

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