The EBRD is considering lending up to EUR 5.4 million loan to the Bishkek Water Company to assist the company to replace water pipes and submersible pumps; drill new boreholes; install water meters; and, acquire equipment for pipe-laying, maintenance and repairs.
Transition impact:
* Technical co-operation to help the Bishkek Water Company to identify and implement measures to improve its financial and operational performance.
* A new tariff policy will be developed to reform the current system to enable the company to cover its costs while protecting low income families from hardship.
* Skills and knowledge transfer will take place during project preparation and implementation plus training and new skills will be provided directly by the technical co-operation programmes.
* The operation will have an important demonstration effect as an example of co-operation between a Kyrgyz municipality, an IFI, and a donor to finance an environmental project.
The client: The Bishkek Water Company, a municipal enterprise of the City of Bishkek.
EBRD finance: Up to EUR 5.4 million loan to the Bishkek Water Company with a sovereign guarantee of the Kyrgyz Republic.
Total project cost: EUR 11.4 million. |
