Regional Solid Waste Project (EBRD-52828)

Countries
  • North Macedonia
Geographic location where the impacts of the investment may be experienced.
Specific Location
Polog and Pelagonija & Southwest region, Vardar and the Southeast region
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Jun 9, 2022
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
Government of North Macedonia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Law and Government
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 55.44 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.
Currency conversion note:
Bank reported 55
Converted using 2022-08-19 exchange rate.
Project Cost (USD)
$ 68.54 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.
Currency conversion note:
Bank reported 68
Converted using 2022-08-19 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 19, 2022

Disclosed by Bank Apr 6, 2022

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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 the bank website, the project consists of a loan of up to EUR 55 million to the Republic of North Macedonia for establishing and developing a regional waste management systems in five administrative regions in the country. The Loan will be provided in two tranches:

Tranche 1 in the amount of up to EUR 47.5 million, to be committed at loan signing, will finance investments in the Polog and Pelagonija & Southwest Regions. It will involve (i) construction/reconstruction of the regional integrated waste management systems and transfer stations, and (ii) waste storage systems and bulky waste collection and closure of the Novaci dumpsite.

Tranche 2 in the amount of up to EUR 7.5 million (uncommitted) will finance (i) the solid waste landfill and transfer stations in the Vardar and the Southeast ("VSE") region. Tranche 2 will be committed at the sole discretion of the EBRD upon completion of a Feasibility Study for the respective region under the proposed tranche.

The Project supports essential modernization of Solid Waste ("SW") infrastructure in each of the five Project regions covering (i) reconstruction/construction of selected regional, sanitary landfills and (ii) procurement of bins and containers for recyclables and residual waste, transport vehicles and equipment.

 

 

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

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

Ana Karanfilova Maznevska
A.Karanfilova@moepp.gov.mk
+389 75 359484
www.moepp.gov.mk
"Presveta Bogorodica" No. 3, 1000 Skopje North Macedonia

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

How it works

How it works