The end of Russian roulette in water
- From: Vol 9, Issue 6 (June 2008)
- Category: General
- Region: Europe
- Related Countries:
- Related Companies: EBRD (European Bank for Reconstruction and Development), White & Case
A new EBRD loan to Rosvodokanal marks a turning point in the way Russian private water contracts are structured. It will force foreign operators to take the Russian market seriously.
The EBRD has agreed to lend RUB1.5 billion (41 million) to Rosvodokanal (RVK), one of Russia’s largest private water operators.
The loan, extended over 13 years, is the first stage of a two-part financing package which will help fund RUB17 billion (465 million) of capital expenditure over the next five years in six cities and one region, under existing long-term contracts serving around four...
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