Visoko Water Supply (EBRD-47809)

Countries
  • Bosnia and Herzegovina
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
Jul 20, 2016
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
JKP VISOKO D.O.O.
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
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)
$ 5.04 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 4,500,000.00
Converted using 2016-05-10 exchange rate.
Project Cost (USD)
$ 6.73 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 6,000,000.00
Converted using 2016-05-10 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 19, 2017

Disclosed by Bank May 10, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
The EBRD is providing a loan of up to EUR4.5 million to finance expansion of the water supply as well as repair of the existing network in the Visoko Municipality. According to bank documents, the project will target (a) expansion of the water supply network which will enable connection of new consumers and at the same time, though provision of running water, improve the living standards of the population in the municipality and (b) reduced water losses, improved resilience to climate change and improved quality of supply to existing customers through repairs of the existing network.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
The EBRD invesment is up to €4.5 million Sovereign Loan to Bosnia and Herzegovina. The loan will be on-lent via the Federation of Bosnia and Herzegovina and the Visoko Municipality to the Public Utility Company "Visoko" d.o.o. Visoko.
Contact Information
Almir Hadzialic info@jkp-visoko.ba 0038732738600 0038732735560 www.jkp-visoko.ba Naselje Luke 16, Visoko, Bosnia & Herzegovina 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.