Corridor Vc motorway, Bosnia-Herzegovina – EBRD AGM Issue Paper
Publication | 16 May, 2009In 2008 the EBRD signed a loan for EUR 180 million for several sections of the planned 330 km long Corridor Vc motorway in Bosnia-Herzegovina. Communities living along the route are concerned about the expected negative effects on or even the destruction of valuable arable land. Furthermore another problem lies in the motorways routing through or nearby tentative UNESCO World Heritage sites, two planned national parks and other ecologically valuable terrain.
Read morePorto Romano thermo power plant, Albania – EBRD AGM Issue Paper
Publication | 16 May, 2009The Porto Romano TPP is yet another project that aims to improve energy security in Albania, yet the construction of such a large TPP powered by imported coal can hardly be reckoned to constitute sustainable development. Nevertheless, and despite the fact that coal-fired TPP plants are widely recognised as the most climate-wrecking forms of electricity generation, the governing elite in Albania is determined to have one in its own backyard.
Read moreThe progress of the Gazela slum resettlement project, Belgrade, Serbia – EBRD AGM Issue Paper
Publication | 16 May, 2009The Gazela Bridge in Belgrade, Serbia is in urgent need of renovation. Three hundred families, predominantly Roma, who live in informal settlements under the Bridge are to be resettled. So far the resettlement process lacks proper planning and open public consultation with affected communities and Roma experts. And also the EBRDs involvement as a technical assistant has not led to the establishment of the institutional, financial and legal solutions that are necessary to effectively promote Roma inclusion.
Read moreWestern High Speed Diameter: Time to look for feasible alternatives – EBRD AGM Issue Paper
Publication | 16 May, 2009While St. Petersburgs road maintenance budget as a reaction to the economic crisis has been cut by 75%, federal and city officials are determined to realise the Western High Speed Diameter (WHSD), despite more than quadruplet production costs since 2006. But apart from the unjustified routing of the diameter through residential and important natural areas, it is also still unclear whether there are cheaper and more effective alternatives.
Read moreD1 Motorway, Slovakia – EBRD AGM Issue Paper
Publication | 15 May, 2009The D1 motorway is one of the key priorities of the Slovak government and in line for EBRD and EIB support. The government as repeatedly declared its intention to finish the project by 2010, but the currently planned route was not subject to an Environmental Impact Assessment and represents a serious impact on the NATURA 2000 network. Apart from the disregard of EIA recommendations which favoured a variant that bypasses almost all important natural habitats, several crucial questions have to be asked at the EBRD London AGM on May 15-16.
Read moreNabucco: a short sighted answer to the energy security challenge – EBRD AGM Issue Paper
Publication | 15 May, 2009Both EBRD and EIB consider support for the construction of the Nabucco gas pipeline. But proponents of the project successfully avoid several important issues. Among them are the human rights records of the potential partners Turkmenistan and Azerbaijan, both ranked among the most authoritarian regimes in the world.
Read moreBubbling under the surface: The role of western public finance in the crisis hitting central and eastern Europe
Publication | 14 May, 2009The financial and economic crisis unravelling across the world economy has fundamentally changed economic policy imperatives for states and international financial institutions, including those operating at the European level. This situation offers the opportunity to articulate policies favourable to progressive social and environmental aims as integral parts of effective and transformative plans for economic recovery. While todays policy makers are unlikely to be moved by such arguments at this point, broader layers of social actors engaged in debates about the crisis most definitely will. This report seeks to provide guidance for their mobilisation by considering the context, formulation and delivery of crisis response policies by the EC, the EIB and the EBRD in relation to the CEE economies.
Read moreBankwatch Mail 40
Publication | 14 May, 2009In this issue: Nabucco spells energy securitisation not security * Crisis puts the EBRD back in the same old business * EBRD complaint mechanism gets a personality * EBRD drawing more power lines in Ukraine’s unsustainable energy sands * An end to energy efficiency excuses in Ukraine * Flagship PPP road project to be built with state money * ArcelorMittal – Going nowhere slowly * Hopeless in Gazela * New Gazela documentary * More dirty energy development for Albania * Smoke on Georgian water privatisation * Faster, smarter but more destructive crisis money for CEE?
Read moreArcelorMittal continues to pollute and uproot peoples lives
Press release | 12 May, 2009ArcelorMittal needs to move beyond good intentions on environmental and social improvements and turn words into deeds. Despite its rhetoric on social responsibility, the company continues to destroy the environment, risk peoples lives and displace local communities, according to a new report launched today by the Global Action on ArcelorMittal coalition to coincide with the company’s annual shareholder meeting in Luxembourg.
Read moreComplaint to EIB regarding breaches of EU legislation in preparations for the D1 motorway
Publication | 4 May, 2009Bankwatch member group Friend of the Earth-CEPA outlines in the complaint letter the breaches of EU legislation it believes have taken place during the preparation of the Turany – Hubov section of the D1 motorway. Both the EIB and EBRD are requested to halt plans for financing the project until the noted issues have been resolved, and the European Commission is asked to reconsider its acceptance of the project.
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