Kulob Water and Wastewater Project

repaying

Provision of a sovereign loan of up to EUR 7.5 million to the Republic of Tajikistan. The loan will be on-lent to the state enterprise Kulob Water and Wastewater Services, wholly owned by the state unitary enterprise Khojagii Manziliyu Kommunali. The sovereign loan will have two tranches: Tranche I (committed) of up to EUR 3 million to finance the rehabilitation of the water network and pump stations, and Tranche II (uncommitted) of up to EUR 4.5 million to finance the rehabilitation and modernisation of the wastewater treatment plant. Tranche I will be co-financed by a capital grant of up to EUR 3 million, Tranche II will be co-financed by a capital grant of up to EUR 4.5 million. Both grants are to be sourced from an international donor or the EBRD Shareholder Special Fund (the "SSF")