Vsevolozhsk Water Improvement Programme

cancelled

The proposed project includes construction, rehabilitation, upgrade of water supply and wastewater facilities in the Vsevolozhsk municipal district (the “Municipality”) within the Leningrad region. The priority investments to be financed by EBRD will be defined by consultants in a feasibility study. The proceeds of the Loan will be utilised by Vodoteplosnab JSC (the “Company”), providing water, wastewater and district heating services to both residential and industrial customers in the Municipality. Transition impact is expected to be achieved through: Vodoteplosnab JSC, wholly owned by the Vsevolozhsk municipal district, providing water, wastewater and district heating services to both residential and industrial customers in the Vsevolozhsk municipal district within the Leningrad region. Senior loan of up to RUB 700 million (equivalent to ca EUR 15.5 million) to the Company (the “Loan”), backed by a financial guarantee from the Municipality. The loan is proposed to be co-financed by a capital grant from the Northern Dimension Environmental Partnership (“NDEP”). Up to RUB 1 800 million. The environmental and social screening category will be determined as soon as the priority investment programme (the “PIP”) has been defined. The PIP is expected to improve efficiency of water supply, wastewater collection and treatment in the Municipality, thus providing uninterrupted access to safe drinking water, preventing pollution of the watercourses and improving public health. An environmental, health and safety and social audit of the Company's utilities will be required to assess the level of current compliance with EBRD PRs as well as to support the selection of the PIP components. Appropriate environmental and social assessments of the PIP components will need to be undertaken. It is likely that the PIP will mainly involve rehabilitation of the existing facilities and operations, but it may also include some 'A' - category sub-projects. An Environmental and Social Action Plan (ESAP) will need to be developed to bring the Company's operations and networks into compliance with national regulations and PRs. A Stakeholder Engagement Plan commensurate with the projects impacts will need to be prepared. This section will be updated as soon as the priority investment programme (PIP) has been defined. Grant funds will be sought for: