Gjilan Wastewater Development Project (EBRD-50437)

Countries
  • Kosovo
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
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.
Borrower
Hidromorava SH.A
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 24.11 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 20.5
Converted using 2018-09-25 exchange rate.
Loan Amount (USD)
$ 24.11 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 49.41 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 42
Converted using 2018-09-25 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 13, 2019

Disclosed by Bank Sep 25, 2018


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Project Description

According to EBRD website, the project aims to finance a proportion of the extension and rehabilitation of the wastewater collection network and construction of a new wastewater treatment plan to the Government of Kosovo to be ongranted to the regional water company Hidromorava. 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
  • Hidromorava SH.A -- Implementing Company

The Beneficiary of this Project is the Hidromarava SH.A (RWC HM), which a joint stock company wholly owned by the Government. The Company manages and operates the water and wastewater systems in seven municipalities (Gjilan, Kamenica, Vitina, Novoberde, Kllokot, Ranilluge, and Partesh) serving approximately 30,000 households, covering a service area with a population of around 172,500.

Contact Information

Project Contact: Muhamed Suliqi
Email Address: info@kru-hidromorava.com
Telephone No.: +381 0280 321 104
Website: http://kru-hidromorava.com
Office Address: Vellezerit Gervalla p.m 60000 Gjilan

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.