Russia: Housing and Communal Services Project

February 26, 2008

IBRD Loan: USD$200 million
Terms: Maturity = 15 years; Grace = 5 years.
Project Description: The project will test a competitive grant mechanism to cities that increase market mechanisms in housing and communal services and also strengthen social protection of vulnerable consumer groups. The project will help the Russian Government scale up the quality of housing and communal services in part based on the Bank’s global knowledge and experience in designing and implementing similar projects around the world. The loan will also finance technical support to design capital investment programs for measurable improvements in reducing operating losses, pipe breaks, water leakage, or energy inefficiency, while increasing the share of private investment in the sector and private management of facilities.

Media Contacts
Michael Andrew Jones
Tel : (202) 473-2588