PR Schools (IFC-602204)

Countries
  • Kosovo
Where the impacts of the investment may be experienced.
Specific Location
Municipality of Prishtina
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
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 2, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Kosovo
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Industry and Trade
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 11, 2018

Disclosed by Bank Jul 19, 2017


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Project Description
According to IFC website, IFC's PPP Transaction Advisory Services Unit will assist the Municipality of Prishtina in structuring and implementing of a PPP transaction for the education sector in Prishtina Municipality. The PPP contract will include the design, construction, and financing of four new school buildings, and maintenance and operation of non-academic services for a set period in the new schools and two existing schools. IFC would apply two-phased transaction implementation model. In Phase 1 IFC will carry out due diligence analysis of the project, assessment of investors' interest, and the transaction structuring. In Phase 2 IFC will draft the tender documentation and support the Municipality of Prishtina in implementation and conclusion of the tender process. The objective of the Project is to improve provision of educational services in the Municipality of Prishtina in Kosovo. The successful implementation of the Project is expected to result in the mobilization of private sector investment and improved services to primary and lower secondary schools through provision of new and improved school facilities in urban areas of the Municipality of Prishtina. Estimated budget for this project is still pending.
People Affected By This Project
The objective of the Project is to improve provision of educational services in the Municipality of Prishtina in Kosovo. The successful implementation of the Project is expected to result in the mobilization of private sector investment and improved services to primary and lower secondary schools through provision of new and improved school facilities in urban areas of the Municipality of Prishtina.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
No contact information provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/