Early Warning System

Countries

Moldova

Geographic location where the impacts of the investment may be experienced.

Specific Location

Balti

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

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

Jul 25, 2023

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

City of Balti

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

Sectors

Energy
Transport

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Grant, Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 7.74 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 7
Converted using 2023-07-25 exchange rate.

Loan Amount (USD)

$ 5.08 million

Grant Amount (USD)

$ 2.65 million

Project Cost (USD)

$ 7.74 million

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 29, 2023

Disclosed by Bank Jul 28, 2023

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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 EBRD, the proceeds of the Bank's loan and the grant funds will be used to (i) expand and improve City's public passenger transport and (ii) reduce the energy consumption and carbon footprint of the street lighting system, while enhancing road security and safety at night by improving the quality of street lighting.

The Project envisages: (i) purchase of approximately 22 battery trolleybuses, with autonomous propulsion for up to 20 kilometres, for an estimated amount of up to EUR 5.8 million, and (ii) modernisation of street lighting on priority streets, for an estimated amount of up to EUR 1.2 million.

Balti is the second largest city in the country in terms of population, area and economic importance, after Chisinau. It is located in the north of Moldova, 138 km from the capital Chisinau. Its geographic position provides it a significant role in the region as a hub and an urban centre for municipal and health services. Balti has a population of around 150,000, representing around four percent of the total population of the country and covers an area of 78 square kilometres.

Investment Description

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

European Bank for Reconstruction and Development (EBRD)

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.

Client - City of Balti:

Vitalie Balan
Email: primaria@balti.md
Phone: +373 231 54634
Website: www.balti.md
Address: 1, Independentei street, Balti, MD-3100, Republic of Moldova

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