Tbilisi Railway Bypass project – EBRD AGM Issue Paper
May 10, 2010
On March 9, 2010, a loan for the Tbilisi Railway Bypass Project, initiated by the Georgian Railway company, was approved by the EBRD. The main goal of this project, rated category A by the EBRD, is to construct a new section of railway that bypasses the central part of Tbilisi in order to avoid the transit of hazardous freight (such as oil and oil products) through the middle of the city. While this main goal is welcomed, there are several strong concerns that undermine the project goals and may cause a serious threat to Tbilisis population.
South Ukraine Transmission Project – EBRD AGM Issue Paper
May 10, 2010
The European Bank for Reconstruction and Development (EBRD) is considering lending EUR 175 million to the National Energy Company of Ukraine, Ukrenergo, for implementing the South Ukraine Transmission Project. An equal amount of financing was approved by the EIB in October 2009. The project foresees construction of a new 750 kV power transmission line, two 330kV double circuit diversions, and modernisation of an existing 330/220/110 kV substation.
Civil society statement on energy access and public financing of fossil fuels
May 6, 2010
The statement, signed by 48 civil society organisations calls on international financial institutions to stop using public resources to subsidize the fossil fuel industry. These subsidies fuel overconsumption in wealthy countries, benefit an already highly profitable and well-established industry, and exacerbate many of the most urgent problems facing humanity today, not the least of which is climate change.
Letter to EIB Sustainable Development Unit addressing deficiencies in the Hungarian scoping procedure for the Nabucco gas pipeline’s Environmental Impact Assessment
May 5, 2010
Letter to EBRD regarding the Sava river crossing, a new resettlement project in Serbia
May 4, 2010
Read more on the communities at the Sava river crossing also on our blog
Letter to EBRD president Thomas Mirow regarding the loan approval for the D1 motorway Phase 1, Slovakia
April 29, 2010
Bankwatch Mail 43
April 29, 2010
In this issue: Wise up! European Development Bank red herring masks critique of EIB’s external operations * The case for cyanide in Bulgaria’s gold mines kicked out * Lost in transition * New EU funds report and website * EU funds sinking in Latvia’s enduring crisis swamp * Charge of the electricity brigade against villagers in Ukraine * Will the World Bank be rewarded for business as usual or put to the test to stop climate-damaging development? * Belene in and out of the grip of Russia * IFI
Over the edge. Enel’s plans to export its pollution to Porto Romano, Albania
April 27, 2010
The Italian energy giant Enel is planning to construct a coal-fired thermal power plant consisting of two 800 MW units at Porto Romano near the city of Durres in Albania. If constructed this would be the largest investment in the history of the Albanian energy industry. Eighty five percent of the electricity produced would be exported to Italy.
Kazakhstan civil society letter to EIB requesting disclosure of information on the EIB’s Framework Agreement with Kazakhstan
April 20, 2010
The EIB responded to our letter on May 19, 2010. Their response can be downloaded as pdf.
Counter Balance briefing on the Wise Persons Panel report evaluating the external lending mandate of the European Investment Bank
April 15, 2010
