Early Warning System

Regions

Europe and Central Asia

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

Countries

Ukraine

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

Specific Location

Mykolayiv

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

Dec 12, 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

Communal Enterprise "Mykolayivvodokanal"

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

Sectors

Infrastructure
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)

$ 10.80 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 10
Converted using 2023-12-12 exchange rate.

Loan Amount (USD)

$ 10.80 million

Project Cost (USD)

$ 35.64 million

Bank Documents

Translation: RLF - Mykolayiv Emergency Water Project (Ukrainian)

Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 5, 2024

Disclosed by Bank Dec 15, 2023

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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 EBRD, the Project will address the emergency needs of the city of Mykolayiv, Ukraine, to rehabilitate its aging water supply and treatment infrastructure, which are currently in poor technical condition due to damages caused by Russian shelling. The Project is expected to result in restoration of the City's drinking water supply to the City, reduction of water losses and improved quality of supplied water as well as energy savings and a reduction in GHG. The Project will increase the City's resilience by improving the reliability of water supply to municipal residents, including returnee IDPs, and to hospitals and medical facilities, which require clean reliable water to function. The proceeds of the loan and grant funds will finance: (i) rebuilding of preliminary treatment unit at Dnipro water intake, including installation of new microfilters, (ii) replacement of rotating screens at the Dnipro water intake preliminary treatment unit, (iii) renovation of pumping station 1, including building repairs, replacement of pumps and control equipment and (iv) replacement of priority steel pipelines within the water distribution network.

The local co-financing will cover: (i) renovation of pumping station 0, including building repairs, replacement of pumps and control equipment and (ii) renovation of electrical transformer substation.

The Project will be complementary to the ongoing emergency support to the City of Mykolayiv from other IFIs and international donors, including an European Investment Bank project with the Company, co-financed by E5P, aimed at rehabilitation of some sections of water supply and wastewater infrastructure in the City.

Investment Description

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

European Bank for Reconstruction and Development (EBRD)

As stated by the EBRD, the project will be co-financed by investment grants of up to EUR 9.8 million from the Government of Denmark, up to EUR 5.0 million from the Eastern Europe Energy Efficiency and Environment Partnership (the "E5P") and up to EUR 8.2 million of local contributions. EBRD's loan will be guaranteed in full by the City. Given war-triggered risks, the loan will also benefit from a guarantee from Spain. This guarantee will cover 50% of the proposed loan and will be structured on a pari pasu basis. The loan will have a 13 year tenor with a three year grace period.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, the Communal Enterprise "Mykolayivvodokanal" is a municipal enterprise responsible for the provision of water supply and sewerage services to the City of Mykolayiv, which is wholly owned by the City.

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 - Communal Enterprise "Mykolayivvodokanal":

Viktor Pisotskiy
Email: vpisotskiy@gmail.com
Phone: +380663412335
Website: https://www.vodokanal.mk.ua
Address: Pogranychna St., 161, Mykolayiv, Mykolayivska Oblast, Ukraine, 54055

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