Ungeni Chisinau Natural Gas Pipeline (EBRD-48769)

  • Moldova
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
Bank Risk Rating
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
Nov 30, 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.
The holder of the loan, grant, or other investment.
  • 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, converted to USD$. 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, converted to USD$. Please see updated project documentation 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
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
  • European Bank for Reconstruction and Development (EBRD)
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
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.