Donor — European Bank for Reconstruction and Development (EBRD)
Loan maturity — until 2039

• Grace period — 3 years
• Interest rate — LIBOR + 1% per annum
• One-time loan arrangement fee — 1% of the loan amount
• Commitment fee — 0.5% per annum on the undisbursed portion of the budget loan

Total Financing Amount

Up to EUR 4,000,000

Grant Financing

Up to EUR 2,000,000

Loan Financing

EUR 2,000,000

Implementing Agency

Municipal Enterprise Kemin Suu Kanal

Date of Signing of the Loan and Grant Agreements

November 19, 2024

Implementation Period

2024–2029

Region, City

Chuy Region, Kemin City

Project Summary and Current Status

The project aims to modernize and rehabilitate the water supply infrastructure of Kemin City. It also seeks to improve the financial and operational management efficiency of the municipal water utility and strengthen its institutional sustainability.