Pristina Inner Ring Road (EBRD-50938)

Countries
  • Kosovo
Where the impacts of the investment may be experienced.
Specific Location
Pristina
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
Oct 28, 2020
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
Kosovo Sovereign
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 35.21 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 32
Converted using 2019-09-16 exchange rate.
Project Cost (USD)
$ 105.08 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 95.5
Converted using 2019-09-16 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 25, 2020

Disclosed by Bank Sep 16, 2019


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Project Description

According to the Bank's website, this project finances the construction of an inner ring road in the capital city of Pristina, approximately 26km in length. 

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

The borrower is the Republic of Kosovo represented by the Ministry of Finance. The client and the implementing entity is the municipality of Pristina, which is responsible for the construction and maintenance of the municipality's road network.

Contact Information

Arianit Blakaj
blakaja@ebrd.com
+383 38 242 07079

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.