Belgrade Waste Management (MIGA-14220)

Countries
  • Serbia
Where the impacts of the investment may be experienced.
Specific Location
Belgrade
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 28, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
I-Environment Investments Ltd.
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 96.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 84.75
Converted using 2019-02-28 exchange rate.
Project Cost (USD)
$ 385.58 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 339
Converted using 2019-02-28 exchange rate.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Feb 21, 2020

Disclosed by Bank Dec 19, 2018

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Project Description

According to the Bank's website, this project finances the construction and operation of a new waste management facility with electricity and heat generation components in Belgrade. 

Investment Description
  • Multilateral Investment Guarantee Agency (MIGA)
Private Actors
Private Actors Description

The guarantee amount is split between the three implementing companies as follows: EUR 33.9 million for Suez Group; EUR 16.95 for MargueriteWaste; and EUR 33.9 million for Environment Investments Ltd.

Contact Information

No contact information available at time of writing. 

ACCOUNTABILITY MECHANISM OF MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/