Regional Solid Waste Project

disbursing

The provision of a sovereign loan of up to EUR 55 million (the "Loan") to the Republic of North Macedonia for establishing and developing a regional waste management systems in five administrative regions in the country (the "Project"). The Ministry of Environment and Physical Planning ("MoEPP") will be the Implementing Entity and responsible for the Project implementation. The Loan will be provided in two tranches: Tranche 1 in the amount of up to EUR 47.5 million, to be committed at loan signing, will finance investments in the Polog and Pelagonija & Southwest Regions ("PSW") region. It will involve (i) construction/reconstruction of the regional integrated waste management systems ("RWMS") and transfer stations, and (ii) waste storage systems and bulky waste collection and closure of the Novaci dumpsite. Tranche 2 in the amount of up to EUR 7.5 million (uncommitted) will finance (i) the solid waste landfill and transfer stations in the Vardar and the Southeast ("VSE") region. Tranche 2 will be committed at the sole discretion of the EBRD upon completion of a Feasibility Study for the respective region under the proposed tranche. The project is expected to benefit from a Swiss State Secretariat for Economic Affairs ("SECO") investment and technical cooperation grant.