Belgrade Solid Waste PPP (EBRD-46758)

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
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
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
Sep 19, 2018
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.
Sectors
  • Construction
  • Energy
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 103.62 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 84.6
Converted using 2018-03-20 exchange rate.
Project Cost (USD)
$ 399.91 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 326.5
Converted using 2018-03-20 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Apr 5, 2018

Disclosed by Bank Mar 20, 2018


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Project Description

This project provides funding to Beo Cista Energija d.o.o Beograd (or Beo Clean Energy) for the financing, construction, and operation of landfill and facilities for the treatment and disposal of muncipal waste generated by 13 municipalities in Belgrade. This includes construction of a energy-from-waste facility, construction and demolition waste facility, closing and aftercare of existing landfil in Vinca, and the construction of a new landfill. 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors

Beo Cista Energija d.o.o Beograd is a limited liability company established with the sole purpose of operating and financing the Belgrade Solid Waste PPP project under a Design, Build, Finance, Operate, Transfer scheme, and owned by consortium of Suez and Itochu.

Contact Information

Vladimir Milovanovic
v.milovanovic@bcenergy.rs 
+381117154884
+381117154886
https://bcenergy.rs 
Beo Clean Energy Tosin bunar 272v, 11070 Belgrade 11070 Serbia

ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.