Canakkale Solid Waste PPP (EBRD-49281)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Specific Location
Canakkale
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
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
Mar 28, 2018
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
SUEZ CANAKKALE RR ATIK HIZMETLERI AS
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Water and Sanitation
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)
$ 9.32 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 35
Converted using 2018-01-31 exchange rate.
Project Cost (USD)
$ 17.43 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 65.5
Converted using 2018-01-31 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 1, 2018

Disclosed by Bank Jan 31, 2018


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Project Description

This project provides financing for the development of a full-scale integrated solid waste management system in the province of Canakkale. Components include the construction of a mechanical biological treatment plant, procurement of a vehicle fleet, rehabilitation of the existing leachate treatment plant, and related investments in the existing facility.

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

The EBRD's loan is accompanied by a contribution of US $1.5 million from the Clean Technology Fund.

Private Actors

Suez Canakkale RR Atik Yonetim Hizmetleri A.S., a special purpose company incorporated in Turkey and owned by Sita Cevre (90 per cent) and Altas Yapi Sanayi ve Temizlik Hizmetleri Ticaret A.S (10 per cent).

Contact Information

Metin Suadiyeli
metin.suadiyeli@suez.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.