Minsk VK (EBRD-49483)

Countries
  • Belarus
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
Sep 5, 2018
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
MINSK VODOKANAL
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Infrastructure
  • Technical Cooperation
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 97.80 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 84 million
Converted using 2018-07-19 exchange rate.
Project Cost (USD)
$ 195.62 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 168 million
Converted using 2018-07-19 exchange rate.
Media Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 31, 2019

Disclosed by Bank Jun 29, 2018

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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 aims to rehabilitate the existing wastewater treatment plant which helps to enhance wastewater treatment efficiency and its performance; to construct a effective, modern sludge management and disposal facility, including energy and heat recovery technology from sludge biogas utilisation in the City. 

The Project is planned to provide environmental benefits and improve social conditions in the area of influence. Moreover, it will facilitate the advancement of tariff reform and improvement of the Company's corporate governance and capacity as well as introduce better contractual arrangements between the Company and the City. The components include:

(i) reconstruction of the Minsk wastewater treatment plant to eliminate odour, optimise use of the existing facilities and enhance wastewater treatment efficiency of the plant in line with national and EU requirements; and

(ii) construction of sludge treatment facilities (including digestion, dewatering, drying and incineration) in line with EU best available techniques on the premises of the wastewater facilities.

 

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Provision of a sovereign loan of up to EUR 84 million to Minsk Vodokanal (UE "Minskvodokanal" or "Company"), a municipal enterprise wholly owned by the City of Minsk (the "City"), to finance rehabilitation and reconstruction of the Minsk wastewater facilities. The proposed EBRD loan will be co-financed in equal amount by the European Investment Bank (EIB).

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - MINSK VODOKANAL Client -

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.

Company Contact

Name: Zaitseva Olga Mihailovna

Email: info@minskvodokanal.by

Phone number: +375 17 327 64 02
Phone number: +375 17 389 42 61

Website: http://minskvodokanal.by/

Address: Pulikhova Street 15, Minsk, Belarus 220088

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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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How it works