GrCF2 W2 - Ganja Solid Waste

disbursing

A sovereign loan of up to EUR 10 million to the Republic of Azerbaijan (the "Borrower") for the benefit of the Housing and Communal Services Production Union (the "Company"), a municipal services company under the Ganja City Executive Power (the "City" or the "Ganja EP"). The Bank will support the upgrade of the municipal solid waste collection infrastructure (waste collection and street cleaning vehicles and containers) in the city of Ganja, as well as improvements in operational and financial efficiencies. Azerbaijan has a National Solid Waste Management Strategy (the "NSWMS"), among others including construction of new landfills, closure of old dumpsites, construction of transfer stations and support to recycling and recovery systems. The Project will address some urgent needs identified in the NSWMS applicable to Ganja city area. The Government of Azerbaijan is committed to implementing the improvements in solid waste management as identified in the NSWMS.