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.
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 borrower is the Ufa Municipal Company for Housing Management and Engineering Support. The City of Ufa acts as guarantor.
Senior loan of €10 million in RUB (RUB 360 million) to the company.
Equivalent to €15 million.
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 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.
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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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.