GrCF2 W2: Bishkek Buses (EBRD-51598)

Countries
  • Kyrgyzstan
Where the impacts of the investment may be experienced.
Specific Location
Bishkek
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)
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
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.
Voting Date
Nov 17, 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
Kyrgyz Republic
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Transport
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)
$ 29.66 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 25 million
Converted using 2020-11-17 exchange rate.
Project Cost (USD)
$ 39.15 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 33 million
Converted using 2020-11-17 exchange rate.
Other Related Projects
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 8, 2021

Disclosed by Bank Nov 18, 2020


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Project Description

According to the Bank's website, the project provides funding to the Kyrgyz Republic to finance the rehabilitation of a bus depot and a purchase of urban buses that run on compressed natural gas in the city of Bishkek. 

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

The loan will be  on-lent  to the City of Bishkek for the benefit of Bishkekskoe Passazhirskoe Avtotransportnoe Predpriyatie (the "BPATP"). Project entity, BPATP, is a municipal company  responsible for rendering bus transportation services in Bishkek.

Contact Information

PROJECT CONTACT INFORMATION

Nurlan Keneshovich Koichubakov
bpatpkg@mail.ru
+996312531814
4 Shabdan Batyr st., Bishkek, Kyrgyz Republic

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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