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.
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.
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.
Client - Communal Enterprise "Mykolayivvodokanal":
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