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
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