As per part 1.4.2 (iii) of the Directive on Entry to Info: “For Tasks authorized by Financial institution administration the place the Board of Administrators has delegated the approval authority, the PSD shall be disclosed at the beginning of the related no-objection notification interval to a member nation of the Financial institution in accordance with Article 13 (iii) of the Settlement Establishing the EBRD.”
Venture Description
The availability of a sovereign mortgage of as much as € 14.7 million to the Kyrgyz Republic in two tranches – Tranche I (dedicated) of as much as € 9.0 million and Tranche II (uncommitted) of as much as € 5.7 million. The funds to be on-lent to the Osh metropolis for the good thing about the Osh Metropolis Municipal Autotransport Firm to finance the modernisation of electrical public transport within the metropolis.
The undertaking is co-financed by an funding grant of € 8.3 million to be offered in two tranches: Tranche I of as much as € 5.0 million from the EBRD Shareholder Particular Fund (SSF) and Tranche II of as much as € 3.3 million from a world donor or the SSF.
Venture Targets
The Venture will enable to combine a brand new residential space of the town into the municipal public transport community, enhancing service high quality and reliability. It can additional contribute to a transport modal shift from utilizing non-public automobiles in direction of inclusive public transport.
The Venture is per (i) the Inexperienced Economic system Transition (the “GET”) strategy (BDS20-082/F) by way of funding into “low-carbon and sustainable transport system”, (ii) the MEI Sector Technique (BDS19-069(F)) path in direction of “swap to much less carbon-intensive options”, (iii) the Nation Technique for Kyrgyz Republic (BDS/KY/19-01/F) deal with “improved efficiency, service supply and sustainability of municipal infrastructure”, (iv) EBRD’s Equality of Alternative Technique (BDS21-134(F)) and (v) EBRD’s Technique for the Promotion of Gender Equality (BDS21-133(F)).
The Venture additionally contributes to UN Sustainable Improvement Aim (SDG) 5. Gender Equality, SDG9. Business, Innovation and Infrastructure, SDG11. Sustainable Cities and Communities, and to SDG 17. Partnerships for the SDGs.
Transition Affect
ETI rating: 70
Inexperienced (major): The Venture promotes Inexperienced goal with a lower of CO2 emissions on account of growing electrical public transport. The Venture may even set off the event of the Inexperienced Metropolis Motion Plan (“GCAP”) for the town.
Inclusive (secondary): The Venture will promote the Inclusive goal by way of selling accessibility of city infrastructure and public transportation for beforehand excluded teams, folks with disabilities, care obligations and the aged. The Venture may even promote equality of alternatives, because the Firm will evaluate its present Human Useful resource (“HR”) insurance policies and practices.
Consumer Info
KYRGYZ REPUBLIC SOVEREIGN
The Borrower would be the Kyrgyz Republic (KR) represented by the Ministry of Finance. The mortgage can be on-lent to the Osh Metropolis for the good thing about the Osh Metropolis Municipal Autotransport Firm. The Metropolis is the Financial institution’s companion with 4 tasks within the public transport, water provide and stable waste administration sectors.
EBRD Finance Abstract
EUR 14,740,000.00
Whole Venture Price
EUR 23,000,000.00
Additionality
The Financial institution will present long-term financing, which is presently not out there from native industrial banks.
The Consumer will pursue increased inclusion requirements, as a gender evaluation can be developed as a part of the GCAP for the town of Osh.
The Venture will observe the EBRD PP&Rs for public purchasers.
The Venture envisages TC funded consultancy help for capability constructing and company growth of the Firm.
Environmental and Social Abstract
Categorized B (2019 ESP). The Venture will primarily have environmental and social advantages and can improve accessibility and mobility for all person teams, enhance air high quality within the Metropolis in addition to the general high quality, security and effectivity of city transportation. Environmental and Social Due Diligence (“ESDD”) was undertaken by an exterior worldwide advisor along with technical due diligence. This centered on the important thing E&S impacts/dangers, the Firm’s capability to implement the Venture in step with the Financial institution’s Efficiency Necessities (“PRs”), with particular consideration to the upkeep depot, auxiliary amenities and workshops, labour practices, passenger and highway security, and driver coaching. Alternatives to reinforce gender and inclusion, security of weak teams and likewise the prevention of GBVH considerations, together with stakeholder engagement and present grievance mechanisms had been investigated and related suggestions offered. The undertaking implementation is restricted to the city space throughout the boundaries of the present city growth and no delicate ecological receptors or protected zones can be affected. As well as, it’s confirmed that the Venture won’t have vital opposed social impacts on native communities or different undertaking affected events, nor willthe Venture require the acquisition of land or lead to involuntary resettlement or financial displacement. An Environmental and Social Motion Plan (“ESAP”) has been developed to deal with the areas for enchancment recognized in the course of the ESDD and was agreed with the Firm. The environmental and social efficiency of the Venture and implementation of the ESAP can be monitored by way of annual E&S reviews and web site visits when deemed obligatory.
Technical Cooperation and Grant Financing
The next technical cooperation (the “TC”) assignments are envisaged as a part of this Venture:
Pre-signing:
TC1: Feasibility Research (“FS”) , € 218,000, financed by the EBRD Shareholder Particular Fund (“SSF”);
€ 218,000, financed by the EBRD Shareholder Particular Fund (“SSF”); TC2: Advance procurement, € 50,000 proposed to be financed by a world donor or the Sustainable Infrastructure Fund (“SIF”);
Put up-signing:
TC3: Venture Implementation Assist , € 500,000, proposed to be financed by a world donor or the SIF;
, € 500,000, proposed to be financed by a world donor or the SIF; TC4: Institutional and Capability Constructing Assist for the Metropolis and the Firm , € 200,000, proposed to be financed by worldwide donors or the SIF;
, € 200,000, proposed to be financed by worldwide donors or the SIF; TC5: GCAP, € 350,000, proposed to be financed by Korean TC Fund.
Non-TC: Board approval is searched for an funding grant Tranche I of as much as € 5 million from the SSF Work Plan 2023-2024 to co-finance the EBRD mortgage Tranche I (dedicated) of € 9 million. Funding grant Tranche II (uncommitted) of as much as € 3.3 million is anticipated to be financed from a world donor or the SSF to co-finance the EBRD mortgage Tranche II (uncommitted) of € 5.7 million.
Firm Contact Info
Dilmurad Abduvapov
osh.ogmap@mail.ru
+996 554 404 497
318 Lenin Avenue, Osh metropolis, Kyrgyz Republic
Implementation abstract
PSD final up to date
20 Sep 2023
Understanding Transition
Additional info concerning the EBRD’s strategy to measuring transition impression is on the market right here.
Enterprise alternatives
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Tel: +44 20 7338 7168
E-mail: projectenquiries@ebrd.com
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Particular enquiries may be made utilizing the EBRD Enquiries kind.
Environmental and Social Coverage (ESP)
The ESP and the related Efficiency Necessities (PRs) set out the methods through which the EBRD implements its dedication to selling “environmentally sound and sustainable growth”. The ESP and the PRs embody particular provisions for purchasers to adjust to the relevant necessities of nationwide legal guidelines on public info and session in addition to to determine a grievance mechanism to obtain and facilitate decision of stakeholders’ considerations and grievances, particularly, about environmental and social efficiency of the consumer and the undertaking. Proportionate to the character and scale of a undertaking’s environmental and social dangers and impacts, the EBRD moreover requires its purchasers to reveal info, as acceptable, in regards to the dangers and impacts arising from tasks or to undertake significant session with stakeholders and think about and reply to their suggestions.
Extra info on the EBRD’s practices on this regard is about out within the ESP.
Integrity and Compliance
The EBRD’s Workplace of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the best requirements of integrity are utilized to all actions of the Financial institution in accordance with worldwide finest follow. Integrity due diligence is carried out on all Financial institution purchasers to make sure that tasks don’t current unacceptable integrity or reputational dangers to the Financial institution. The Financial institution believes that figuring out and resolving points on the undertaking evaluation approval phases is the best technique of making certain the integrity of Financial institution transactions. OCCO performs a key function in these protecting efforts, and likewise helps to observe integrity dangers in tasks post-investment.
OCCO can be chargeable for investigating allegations of fraud, corruption and misconduct in EBRD-financed tasks. Anybody, each inside or exterior the Financial institution, who suspects fraud or corruption ought to submit a written report back to the Chief Compliance Officer by e mail to compliance@ebrd.com. All issues reported can be dealt with by OCCO for follow-up. All reviews, together with nameless ones, can be reviewed. Experiences may be made in any language of the Financial institution or of the Financial institution’s international locations of operation. The knowledge offered have to be made in good religion.
Entry to Info Coverage (AIP)
The AIP units out how the EBRD discloses info and consults with its stakeholders in order to advertise higher consciousness and understanding of its methods, insurance policies and operationsfollowing its entry into drive on 1 January 2020. Please go to the Entry to Info Coverage web page to seek out out what info is on the market from the EBRD web site.
Particular requests for info may be made utilizing the EBRD Enquiries kind.
Unbiased Venture Accountability Mechanism (IPAM)
If efforts to deal with environmental, social or public disclosure considerations with the Consumer or the Financial institution are unsuccessful (e.g. by way of the Consumer’s Venture-level grievance mechanism or by way of direct engagement with Financial institution administration), people and organisations might search to deal with their considerations by way of the EBRD’s Unbiased Venture Accountability Mechanism (IPAM).
IPAM independently evaluations Venture points which are believed to have prompted (or to be prone to trigger) hurt. The aim of the Mechanism is: to help dialogue between Venture stakeholders to resolve environmental, social and public disclosure points; to find out whether or not the Financial institution has complied with its Environmental and Social Coverage or Venture-specific provisions of its Entry to Info Coverage; and the place relevant, to deal with any current non-compliance with these insurance policies, whereas stopping future non-compliance by the Financial institution.
Please go to the Unbiased Venture Accountability Mechanism webpage to seek out out extra about IPAM and its mandate; tips on how to submit a Request for evaluate; or contact IPAM by way of e mail ipam@ebrd.com to get steering and extra info on IPAM and tips on how to submit a request.
