Minsk VK (EBRD-49483)

Countries
  • Belarus
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
Bank Risk Rating
A
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
Sep 5, 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
MINSK VODOKANAL
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 97.80 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 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, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 168 million
Converted using 2018-07-19 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 31, 2019

Disclosed by Bank Jun 29, 2018


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Project 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
  • European Bank for Reconstruction and Development (EBRD)

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 Actors
Contact Information

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.

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Email: procurement@ebrd.com

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Text of the PIP

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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.