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In fiscal year 2018:
- The ECA Cities Platform provided capacity building support to help the capital city of Montenegro, Podgorica, manage environmental and social risks in the transport sector and develop a land acquisition and stakeholder engagement plan to facilitate the planning of the South-Western portion of Podgorica’s bypass road. IFC and Erste Bank each committed EUR 7.5 million for the construction of this project.
- In Turkey, IFC provided Antalya with a €140 million financing package, helping the city add 18 kilometers of track and 29 stations to its urban rail transit system. The financing will also help the municipality buy 20 new tram cars. IFC is providing an €80 million loan from its own account and mobilizing a €60 million loan from IFC’s Managed Co-Lending Portfolio Program.
- In the Kyrgyz Republic, IFC helped structure a public-private partnership (PPP) to provide full kidney dialysis services. Germany company, Fresenius Medical Care, has won a competitive bidding process to provide dialysis services. The partnership – the first PPP in the country – will ensure the company provides all-inclusive dialysis treatment to patients, covering about 75 percent of the Kyrgyz population.
- IFC signed a parallel investment and advisory mandate to help the Ukrainian city of Mariupol plan, design and finance the procurement of around 60 large capacity buses and the enhancement of related infrastructure, such as depots, bus stops and dedicated lanes through a $15 million loan. The ECA Cities Platform helps the city implement the associated tender.
- With IFC’s advice, the city of Belgrade signed a PPP contract with France's Suez Groupe SAS of France and Japan's Itochu Environment Investment to build and operate a new waste treatment and disposal complex over the next 25 years. The project includes a waste-to-energy (W2E) plant that will produce electricity and heat, the first one in Serbia. This is also Serbia’s first large-scale PPP, and it was structured and tendered with advice from IFC’s PPP Advisory team. The success of this project will help the country bring more projects to the market and generate greater private sector investment in its municipal infrastructure.
- IFC, together with the EBRD, boosted the retail sector in Serbia, Montenegro and FYR Macedonia with €164 million in loans to the investment firm Hystead. The financial package includes a €60 million loan from the EBRD and a €104 million loan from IFC.