Drenas Industrial Zone Infrastructure Project (EBRD-49348)

Countries
  • Kosovo
Where the impacts of the investment may be experienced.
Specific Location
Drenas
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
Jul 24, 2019
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
Republic of Kosovo
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • Industry and Trade
  • Infrastructure
  • 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)
$ 11.18 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 10
Converted using 2019-05-23 exchange rate.
Project Cost (USD)
$ 13.20 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 11.8
Converted using 2019-05-23 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 14, 2019

Disclosed by Bank May 23, 2019


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Project Description

According to the Bank's website, this project provides financing to the government of the Republic of Kosovo to extend an existing industrial zone in the municipality of Drenas. This will entail the construction of roads and their connection to the main road, a water supply network within the project area, the construction of electrical grids and their connection with the main existing electrical grid. This project also encompasses the construction of a gas network, the construction of a sewage system for the treatment of waste and industrial waters and the construction of a wastewater treatment plant. 

The government is yet to complete the Environmental and Social Questionnaire.

The goal of the project is to facilitate investment in Drenas by easing issues of land ownership, expensive land purchase price and lack of infrastructure. 

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

Nol Buzhala
nol.buzhala@rks-gov.net
+3833820036556

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.