GrCF3 W2-Chisinau Urban Enhancement Project (EBRD-55461)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Moldova
Geographic location where the impacts of the investment may be experienced.
Specific Location
Chisinau
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
Proposed
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
May 7, 2025
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 Moldova (City of Chisinau)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Infrastructure
  • Transport
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)
$ 59.88 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 57
Converted using 2025-02-26 exchange rate.
Loan Amount (USD)
$ 59.88 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 57
Converted using 2025-02-26 exchange rate.
Project Cost (USD)
$ 71.86 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 68.4
Converted using 2025-02-26 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 26, 2025

Disclosed by Bank Feb 26, 2025

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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.

As stated by the EBRD, the project consists of a sub-sovereign loan to the City of Chisinau to finance the extension and upgrade of three primary urban road links, which are crucial road arteries totaling ca. 8.5km in the city of Chisinau, and to support related local area development: (i) Mircea cel Batran avenue; (ii) Industriala street; and (iii) Mesager street.

The Project will be a follow-on investment under the approved Chisinau Green City Action Plan, in relation to the strategic objective of sustainable mobility and transport.

The Project aims to provide the City with the key enabling infrastructure to: (i) support zonal urban development plans and boost industrial and economic development; (ii) promote sustainable mobility through improved traffic management and integration of facilities for sustainable and inclusive mobility, in accordance with the sustainable urban mobility plan ("SUMP"), (iii) incorporate nature positive measures.

The operation will enable the City to provide essential access to new urban development areas to cater for its evolving population, social and economic needs. Furthermore, it shall integrate all relevant provisions for sustainable mobility modes, provide quality and inclusive urban spaces for its citizens and support the development of practices that enhance and build resilient urbanisation.

The borrower will be the City of Chisinau, a municipality located in Moldova. Chisinau, the capital city of Moldova, has a population of 800,000, representing nearly one-third of the total population of the country and covers over 571.6 square kilometres of land area. The city is the most economically prosperous locality in Moldova and serves as the financial and business capital of the country. Its GDP comprises about 60 per cent of the national economy.

The following technical cooperation assignments are envisaged as a part of this Project:

  • Feasibility Study - financed by the European Union under the EFSD Municipal Infrastructure and Industrial Resilience Guarantee Programme.
  • Advance Procurement Support - funding source to be confirmed.
  • Project Implementation Support and Works Supervision - funding source to be confirmed.
  • Urban Enhancement and Resilience Programme - funding source to be confirmed.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

As stated by the EBRD, the loan is expected to be complemented by an investment grant and the City's contribution.


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 Chisinau:

Ion Ceban
Email: primaria@pmc.md
Phone: +373 22 22 10 02
Fax: +373 22 22 12 89
Website: www.chisinau.md
Address: 83, Stefan cel Mare si Sfint avenue Chisinau, MD 2012 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

How it works

How it works