Translated version of this PSD: Armenian
The EBRD is considering supporting the Yerevan Water Supply Improvement Project. The EBRD would extend a sovereign loan of up to USD 7.0 million to Armenia, to be on-lent to the Municipality of Yerevan for improvement of water supply services.
The European Investment Bank is considering a sovereign loan of USD 7.0 million to co-finance the project. The EBRD is also seeking an investment grant from the EU Neighbourhood Investment Facility of USD 7.0 million to facilitate implementation of the project which will address urgently needed water supply and wastewater management improvements. The investment grant is still subject to final approval. The overall objectives of this project are rehabilitation and sectorisation (separating zones of different water pressure) of the water supply network in Yerevan as well as the expansion of the sewerage network coverage in the city.
The operator of the water system assets in Yerevan is Yerevan Djur CJSC, a private company wholly owned by Veolia Environment SA of France, which operates under a 10-year lease contract with the city.
Transition Impact of the project would be:
- Support private sector involvement in the provision of basic utilities; and
- Improved framework for markets by enhancing the city’s capacity to monitor the private operator and to increase the transparency of the regulatory function
Government of the Republic of Armenia, with on-lending to the Municipality of Yerevan.
Sovereign loan of up to USD 7.0 million to the Republic of Armenia, on-lent to the Municipality of Yerevan.
The total project cost is USD 21.94 million including technical cooperation. The EIB is considering co-financing the project. The project will further be co-financed by an investment grant from an international donor.
Categorised B. The upgrade of water is expected to result in environmental and social improvements for the city of Yerevan. The environmental and social due diligence involves an audit of the client’s existing operations and an analysis of the proposed investment programme. This analysis includes an assessment of the benefit of the projects and its expected compliance with EBRD Performance Requirements, including EU water quality standards.
The following technical co-operation (“TC”) assignments are part of this project:
Pre Loan Signing
TC 1: Feasibility Study. Preparation of a financial, technical, legal and environmental feasibility study, including an economic rate of return analysis of the proposed investment and an Environmental and Social Action Plan. The consultants will also assess the institutional capacity of the Company and the City and determine the need for any capacity development activities. (EUR 210,000, financed by the Government of the Czech Republic).
Post Loan Signing
TC 2: Project Implementation Support. International consultants to assist the project implementation unit with engineering design, procurement, preparation and evaluation of tenders, contract award and administration, financial control, project management and reporting. (EUR 500,000 [~USD 670 000]), proposed to be financed by an international donor or the EBRD ETC Multi Donor or SSF Funds).
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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Text of the PIP
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.