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Add to Preferred SourcesKosovo will work with the EBRD to boost urban renewal, upgrading its municipal and environmental infrastructure and moving towards engagement in the EBRD’s Green Cities Framework.
A Memorandum of Understanding (MoU) to this effect was signed at the EBRD’s Annual Meeting in Jordan by EBRD President Suma Chakrabarti and Kosovo Finance Minister Bedri Hamza.
The MoU prioritizes cooperation in areas such as water and wastewater services, solid waste management, district heating, urban transport, including road infrastructure, fleet renewal, and street lighting. Other areas of focus include energy efficiency improvements for public buildings such as schools, hospitals, and administrative buildings, and support in the development and implementation of Green City Action Plans.
The finance ministry will identify investment projects in the municipal and environmental infrastructure sector and put them forward for EBRD financing. As well as financing, the EBRD will support project scoping, seek grant funding from donors and support project preparation.
Up to €50 million – half the total envisaged in this MoU – is reserved to finance the construction of new wastewater treatment plants in the cities of Gjilan and Mitrovica.
Kosovo became a member of the Bank in 2012. EBRD cumulative investments stand at around €322 million with over 57 projects.
Original source: EBRD
Published on 8 May 2018