The EIB is considering approval of the loan for Ukrenergo for the South Ukraine Transmission Project. Bankwatch member group NECU, as well as other concerned NGOs and individuals, have deep misgivings about the unexpected rush of the EIB in considering this project when currently its environmental impact assessment process is still ongoing according to EBRD and Ukrainian procedures, it is still far from being positively completed.
On 31 August 2009 the inhabitants of the Gazela informal settlement in Belgrade were resettled to temporary accommodation at four sites outside of Belgrade. After a visit conducted by partner group CEKOR in September which found a number of important issues needing to be addressed, Bankwatch carried out a follow-up fact-finding mission on 6-8 October 2009.
Bankwatch's complaint, submitted to EIB Complaints Mechanism, addresses the lack of disclosure of documents concerning the construction of the D1 Phase I Motorway in Slovakia. This complaint follows one submitted by Bankwatch member group CEPA, Slovakia dealing with the environmental aspects of the motorway's construction.
The letter by NGO coalition Global Action on Arcelor Mittal (GAAM), follows the discovery of EIB considerations of a loan for steel company ArcelorMittal and informs the EIB of ArcelorMittal's extremely poor environmental, social and transparency record in many countries.
As the worlds largest steel company ArcelorMittal could access financing from other sources, and there is no added value in providing a low-interest public loan to the company. GAAM and Bankwatch therefore urge the EIB not to approve any loan to ArcelorMittal in the foreseeable future.
This report details the findings from our second fact-finding mission on the Corridor Vc motorway in Bosnia and Herzegovina, carried out in September 2009. Since the last mission in March proposals for changes in the route have been approved by the government of the Federation of Bosnia-Herzegovina, which would avoid the problems at the tentative UNESCO World Heritage Sites Blagaj and Pocitelj.
The letter is drawing attention to a number of serious deficiencies surrounding the South Ukraine Transmission Project. The project is expected to be financed by both the EBRD and EIB, but the public consultations surrounding the project have been seriously tarnished.
Construction of such transmission lines potentially affects the lives and everyday business of local people. Yet, as the document shows, their access to the project information is being restricted.
CEE Bankwatch Network's inputs into the EBRDs evaluation of its work
in the transport sector - an important sector but one which is the
fastest growing source of greenhouse gas emissions.
As well as commenting on individual projects Bankwatch is calling
on the EBRD to dramatically reduce investments in new motorways,
restrict aviation investments to safety measures and air traffic
management, and ensure that railway restructuring does not result in
disincentives for its use such as higher prices. We are also concerned
that the transition indicators used by the EBRD concentrate on
In this issue: Disclosure policy review - A glass of information half full or half empty? * Bank 'panglosses' over the facts with new Georgian partnership strategy * EBRD, EIB culpable of policy violations in resettling Belgrade Roma * Heat rising on international public lenders to come clean for the climate * ČEZ chez the EIB – It's invite only to the black masque energy security fundraiser * IMF's pro-cyclical brakes pile on the misery across central and eastern Europe * The silence of the scams no more
The complaint concerns the European Investment Banks failure to adhere to its own transparency and social standards in the Gazela Bridge Rehabilitation project in the Republic of Serbia. It has been sent simultaneously to the European Ombudsman.
In our consultation input we call for an integrated design of the future transport policy of the EU. The development of the transport sector needs to be placed in a wider context and contribute to the harmonization of conditions between rail, road, waterways as well as air traffic.