Green Cities: Chisinau Solid Waste (EBRD-47314)

Countries
  • Moldova
Where the impacts of the investment may be experienced.
Specific Location
Chisinau
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.
Borrower
CHISINAU SOLID WASTE COMPANY
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Technical Cooperation
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)
$ 12.36 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 EUR 10.5
Converted using 2017-08-10 exchange rate.
Loan Amount (USD)
$ 12.36 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 10.5 million
Converted using 2017-08-10 exchange rate.
Project Cost (USD)
$ 30.60 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 EUR 26 million
Converted using 2017-08-10 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 24, 2018

Disclosed by Bank Aug 10, 2017


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Project Description

According to EBRD website, the project comprises a sub-sovereign loan of up to EUR 10.5 million to Regia Autosalubritate, a municipal solid waste management company. The proceeds of the loans and grant will finance a priority investment programme in solid waste management, including: i) the closure of the existing dump site in Ciocana; ii) the re-opening and upgrading of the currently non-operational landfill site to EU compliance, including associated infrastructure (leachate treatment plant, landfill gas collection, access road); iii) the rehabilitation of the existing waste collection and transportation; and iv) the upgrade of the transfer station and introduction of a waste sorting line.

It aims to contribute to an improved level of solid waste services and overall improved environmental situation in Chisinau. Further, the technical cooperation involves feasibility study, Environmental and Social Impact Assessment, Project Implementation Support and Corporate Development and Stakeholder Participation Programme. 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Project Contact: Mariana Nazarenco
Email Address: regia-auto@mail.ru
Telephone No.: +373 22 740919; +373 22 746842
Office Address: 14, 27 Martie 1918 Street, Chisinau, MD-2069 Moldova

General enquiries to EBRD: 
Telephone No.: +44 20 7338 7168
Email Address: projectenquiries@ebrd.com

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.