Karabalta Water and Wastewater Rehabilitation Projecthttp://www.aspiro.sk/wp-content/themes/fildisi/images/empty/thumbnail.jpg150150ASPIROASPIROhttp://www.aspiro.sk/wp-content/themes/fildisi/images/empty/thumbnail.jpg
The EBRD is supporting the Karabalta Water Rehabilitation Sub-Project. The EBRD extends a loan with a sovereign guarantee of up to €2 million to the Kyrgyz Republic, to be on-lent to the Karabalta Water Company for improvement of water supply and wastewater services.
The EBRD also seeks an investment grant from an international donor of €3 million to facilitate implementation of the project which addresses urgently needed water and wastewater infrastructure rehabilitation needs.
This support will be extended under the existing EBRD sovereign framework of up to €20 million, established by the Bank to co-finance with international donors priority water and wastewater rehabilitation sub-projects across the Kyrgyz Republic. The framework envisages sovereign loans that would be on-lent to the water companies involved as appropriate and would address urgently needed water and wastewater infrastructure rehabilitation needs.
Through engaging key stakeholders and public and overcoming the particular local interests we facilitated approval by the city council of a merger of two existing water utility companies following our merger action plan
We introduced the concept of management contract where experienced managers will be steering the water supply operations on behalf of the municipality
We are preparing a Corporate development programme, financial and operational performance improvement programme (FOPIP)
We are in the process of creation of water user committees and increase of responsibility in water consumption
We continue with support in implementing Environmental and social action plan according to EBRD’s 2008 Environmental and Social 8 Policy
We are in the process of adopting a Public service agreement between the City and the merged water utility company
We continue with annual restatement of accounts into IFRS and transparent budgeting and accounting procedures to support EBRD reporting