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The EBRD helps to build integrated economies as a key element of well-functioning markets. It supports investments into modern energy connections and transport infrastructure from the Western Balkans to Central Asia and the southern and eastern Mediterranean. Furthermore, the Bank has designed several financial instruments to support cross-border trade.
These activities are backed by EBRD donors and make a tangible difference: they improve people’s everyday lives; lead to higher quality, competitive products and services; help businesses grow and ultimately lead to sustainable economic growth.
Renewable energy and better electricity services
In 2016 our donors helped to boost the use of renewable energy, ensure energy security for and bring improved electricity services to rural areas.
In Mongolia’s Gobi Desert, for example, the EBRD supports the use of wind power. A US$ 750,000 grant from Japan will help national transmission company NPTG modernise an electricity substation near the site of a planned wind farm. It will connect the wind farm, expected to be co-financed by the EBRD and Japan International Cooperation Agency, to the central grid.
Another project allows more than 400,000 people to benefit from better electricity services in the Osh and Batken regions of the Kyrgyz Republic. The European Union and the EBRD are supporting Oshelectro to modernise derelict electricity transmission systems and to install an advanced metering system in about 18,500 households, which will lead to a significant reduction in electricity losses.
At the same time, the EBRD is working with its donors to improve energy regulation to create an environment conducive to private investments.
In Egypt, for instance, the EBRD Southern and eastern Mediterranean Multi-Donor Account* funded a technical cooperation project to support the New and Renewable Energy Authority (NREA) in preparing the Strategic Environmental and Social Assessment for the Benban solar site. The NREA will use the 37 km2 plot to implement solar projects with a potential total capacity of 1,800 MW. The assessment ensures that the large development planned in Benban is carried out in accordance with best international practice and in a manner which maximises the benefits for the local population and other stakeholders.
Improving global transport links
The EBRD also continues to improve major transport links to connect people and businesses. These are vital to ensure that goods can flow efficiently across borders, to provide enterprises with access to new markets and to integrate economies regionally and globally.
For example, in the Western Balkans the EBRD has worked with the EU and bilateral donors to modernise related infrastructure. In Albania a €36.8 million loan is helping to finance significant improvements to the rail line leading from the capital Tirana to the Adriatic Sea port of Durrës. The project also includes a new link to Tirana International Airport along the rail line to ensure better and faster connections between these key destinations. It is supported by a €35.4 million investment grant and additional technical assistance from the Western Balkans Investment Framework.
The Bank’s investments into the transport sector have benefited from technical cooperation activities to efficiently prepare, design and supervise construction works. These have been funded by various donors, including the European Union and the Central European Initiative.
