Original disclosure @ EBRD website
Updated in EWS Sep 27, 2020
Disclosed by Bank Sep 25, 2020
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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.
This finance will be used for reconstruction of the following objects:
EBRD FINANCE SUMMARY
TOTAL PROJECT COST
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.
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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.
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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