GrCF2 W2 - Skopje Wastewater Project (EBRD-50376)

Countries
  • Macedonia
Where the impacts of the investment may be experienced.
Specific Location
Skopje
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)
  • European Investment Bank (EIB)
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
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 18, 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
North Macedonia Sovereign
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)
$ 67.48 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 60
Converted using 2019-06-03 exchange rate.
Project Cost (USD)
$ 134.96 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 120
Converted using 2019-06-03 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 14, 2019

Disclosed by Bank Jun 3, 2019


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Project Description

According to the Bank's website, this project provides financing to the Republic of North Macedonia for the construction of a large-scale Wastewatwer Treatment Plant in the city of Skopje in order to end the current practice of discharging untreated sewage into the Vardar River. 

The Project has two phases: The first phase is the construction of pre-treatment and biological treatment units, to be concluded by 2030. The second phase is the upgrade of biological treatment processes to include removal of nitrogen and phosphorus, to be completed by 2045. The treated effluent will be discharged into the Vardar River.

The wastewater will be transported to the treatment plant through two wastewater collectors on the left and right bank of the Vardar River, which are being financed by the EU and the Government of the Republic of North Macedonia.

According to the Bank, a public meeting was organised on 5 February 2019 as part of the information disclosure processes at which no substantive questions or comments were received. One private land plot will be acquired through a negotiated settlement to facilitate construction of this project. During the operation of the project there will be emissions from generators, sludge digestion and incineration, some increased noise and visual impacts from the new facility.

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

The European Bank for Reconstruction and Development will provide a loan of up to EUR 60 million. The European Investment Bank will also provide a loan of up to EUR 60 million. 

Private Actors

The loan will be in favour of the Ministry of Finance.

JP Vodovod i Kanalizacija Skopje will be the final beneficiary of the investment and is owned entirely by the City of Skopje. 

Contact Information

Lindita Sakiri
lindita.atanasova@vodovod-skopje.com.mk
+ 389 2 3240320
www.vodovod-skopje.com.mk
JP Vodovod I Kanalizacija Lazar Lichenoski 9, Skopje 1000

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.