Strategic Moves - Regional Environmental Center for Central and ...

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C H A P T E R 7
F I N A N C I N G E N V I R O N M E N TA L I N F R A S T R U C T U R E I N V E S T M E N T S
TABLE 22: Environmental projects supported by the IPF in 2008
TITLE COUNTRY SUBSECTOR ESTIMATED ESTIMATED LEAD IFI CO-FINANCING TYPE
IPF TOTAL INVESTORS OF TA
BUDGET INVESTMENT
(MEUR) (MEUR)
Feasibility study Serbia Water 0.5 19.561 IPA, FS
for collection,
transport and
treatment of wastewaters
in the
municipality of
Vranje and Uzice
protection state budget
Plava Voda Bosnia and Water 0.6 28 EBRD CEB FS
Regional Water
Supply Project
Herzegovina supply
Regional Kosovo Water 0.3 10 KfW, EAR, TMA, FS
Water (as defined supply Governments of
Company under UNSCR Norway and
Pristina 1244) Switzerland
Podgorica Water
Infrastructure
Project
Montenegro Water 0.3 10 EBRD EIB, WB FS
Podgorica waste- Montenegro Wastewater 35 EIB, EBRD WB, IPA, FS
water project Dexia CCB
Source: EC, DG ENLARG
S T R AT E G I C M O V E S
over EUR 10 million of technical assistance support for 18 infrastructure projects,
leading to more than EUR 800 million of investments to be co-financed by three
European banks (EBRD, EIB and CEB) in six SEE countries (EU IPF TA 2009).
Five of these projects were in the environment sector, and were mainly related to
water, as presented in Table 22. There are currently 19 environmental projects on
the reserve list, covering the areas of water supply and wastewater treatment, waste
management, and solid and hazardous waste treatment (Presentation: Gianfranchi,
2008). In 2009, four environmental projects were selected for support under the
IPF TA (EC SEC [2009] 1309).
In 2008, the EC and partner IFIs initiated the Western Balkans Investment
Framework (WBIF), to be launched by 2010. The WBIF will widen the scope of
the existing IPF. In addition to infrastructure it will provide support to investments
in other sectors, such as the private sector (including SMEs) and energy efficiency,
in order to promote the general socio-economic development of SEE countries.
The aim is to enhance coordination between European financiers and donors in
order better to meet the needs of beneficiaries by pooling existing grant resources
from the EC, partner IFIs, member states and other donors, and by linking these
grant resources with loans from IFIs.