Bishkek Street Lighting Project (EBRD-47574)

Countries
  • Kyrgyzstan
Where the impacts of the investment may be experienced.
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
Approved
Bank Risk Rating
B
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
Dec 13, 2017
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
CITY OF BISHKEK
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • 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)
$ 7.69 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 6.5
Converted using 2017-12-13 exchange rate.
Loan Amount (USD)
$ 7.69 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 6.5 million
Converted using 2017-12-13 exchange rate.
Project Cost (USD)
$ 11.84 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 10 million
Converted using 2017-12-13 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 24, 2018

Disclosed by Bank Feb 8, 2016


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Project Description

According to EBRD website, the project will be providing a sovereign loan to be on-lent to the Bishkek City for the benefit of the Bishkek Street Lighting Company BishkekSvet, a municipal company responsible for street lighting management in Bishkek. The Company is wholly owned by the City of Bishkek. 

The Project will finance modernization of the street lighting infrastructure through the following components:

1. installation of modern street control and monitoring system;
2. partial rehabilitation of the street lighting infrastructure; and
3. installation of light-emitting diodes (LED) luminaries.

Further, it aims at reducing the operating cost of the street lighting system in the City through the introduction of modern energy efficient technologies. The Project will not only modernise the infrastructure and secure better service provision, but also introduce better contractual arrangements to run the system.

For the technical cooperation, the assignments are feasibility study; restatement and audit services; financial and operational performance improvement programme and; project implementation support. 

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

Project Contact: Mr. Azamat Kojomkulov
Email Address: bishkeksvet@mail.ru
Telephone No.: +996 312 326157, +996 312 326157
Office Address: 199, Manasa street, Bishkek, Kyrgyz Republic

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.