Ungeni Chisinau Natural Gas Pipeline (EBRD-48769)

Countries
  • Moldova
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 30, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
REPUBLIC OF MOLDOVA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 44.70 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 41,000,000.00
Converted using 2016-09-27 exchange rate.
Project Cost (USD)
$ 101.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 93,000,000.00
Converted using 2016-09-27 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS May 1, 2017

Disclosed by Bank Sep 27, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The project consists of the construction of a new natural gas trunk pipeline, which will bring gas to Moldova's capital, Chisinau, from Romania. The new 120 km pipeline will have a diameter of 600 mm with a capacity of 1.5 bcm per annum and connect the existing gas infrastructure networks in Ungheni (Moldova) and Iasi (Romania). According to bank documents, the EBRD is working with several partners in the preparation of the project, including with the EU, the Energy Community, the EIB and Swedish International Development Cooperation Agency (SIDA) among others. This project extends over approximately 120 km from Chisinau to the west-northwest border with Romania in the area of Ungheni. Here the pipeline will connect to the Romanian gas distribution system. The project will also include a gas sector reform action plan with the objective to liberalise and reform the Moldovan gas sector.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
The borrower is the Republic of Moldova. For the project implementation purposes, the financing will be on-lent by the government of Moldova to VestMoldTransgaz ("VMTG"), a fully stateowned transmission system operator of Ungheni-Chisinau gas pipeline and Romania-Moldova interconnector. The EIB is considering to provide a parallel sovereign loan and the EU has committed to grant co-financing for the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Mrs Aurelia Samson aurelia.samson@mepiu.md +373 22 496 796 1 Alecu Russo str., floor 16, office 163, Chisinau, Moldova, MD-2068 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.

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