Early Warning System

Countries

Kazakhstan

Geographic location 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

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Dec 2, 2020

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

JSC KazAvtoZhol

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

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, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 250.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Project Cost (USD)

$ 250.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Project information

Primary Source

Original disclosure @ EBRD website

Updated in EWS Sep 27, 2020

Disclosed by Bank Sep 25, 2020

Contribute Information
Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to EBRD site information, this loan would be provided to JSC KazAvtoZhol, the state-owned national road operator in Kazakhstan. This loan will be used to finance the reconstruction of a 218 km long road section between the cities of Kyzylorda and Zhezkazgan, including the 14 km bypass around Kyzyolrda, adjucent to the motorway.

PROJECT OBJECTIVES

This finance will be used for reconstruction of the following objects:

Reconstruction of the 204 km long Kyzylorda-Zhezkazgan road in Kazakhstan.
Construction of a 14 km bypass around the city of Kyzylorda.Contribution to the improved inter-regional connectivity, safety standards, increased road capacity and reduced travel time.
Reconstruction of the 204 km long Kyzylorda-Zhezkazgan road in Kazakhstan.Construction of a 14 km bypass around the city of Kyzylorda.
Contribution to the improved inter-regional connectivity, safety standards, increased road capacity and reduced travel time.
Reconstruction of the 204 km long Kyzylorda-Zhezkazgan road in Kazakhstan.
Construction of a 14 km bypass around the city of Kyzylorda.
Construction of a 14 km bypass around the city of Kyzylorda.

EBRD FINANCE SUMMARY

USD 250,000,000.00

TOTAL PROJECT COST

USD 250,000,000.00

ENVIRONMENTAL AND SOCIAL SUMMARY

The proposed project has been categorised B in accordance with the 2019 EBRD Environmental and Social (E&S) Policy, as the potential impacts are expected to be site specific and readily identifiable and addressed through mitigation measures.The environmental and social due diligence for the Project, which is ongoing, includes an independent third party environmental and social audit to assess the Client's management capacity and systems to manage environment, health, safety and labour issues in its operations and an analysis of the potential (future) E&S impacts and benefits. It will also assess the Client's ability to carry out the Project in compliance with the Bank's Performance Requirements.

An Environmental and Social Action Plan (ESAP) will be prepared for the Project, and a Stakeholder Engagement Plan will be developed that will include a grievance mechanism, and information on environmental and social performance and a summary of the agreed Action Plan will be released to stakeholders.This PSD will be updated when the results of due diligence are known.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	KAZAVTOZHOL JSC	Client	-

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Company Contact Information

Raushan Taenova
'taenova.r@kazautozhol.kz'

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