| Project Detail |
Location:
Moldova
Project number:
52754
Business sector:
Municipal and environmental infrastructure
Notice type:
State
Environmental category:
B
Approval date:
15 Nov 2022
Status:
Approved
PSD disclosed:
18 Nov 2022
GrCF2 W1-Chisinau River Bic Rehabilitation and Flood Protection Project (the "Project") will be a follow-on investment with the City under the Green Cities Framework 2 -Window 1 ("GrCF2W1"), addressing the priority environmental challenges of climate adaptation and water quality, as well as supporting the implementation of the Green City Action Plan ("GCAP") strategic objective of climate resilient blue-green infrastructure.
The proceeds of the Banks investment and grant funds will be used to implement the first phase of interventions designed to mitigate the risk of the River Bic (the "River") flooding; better safeguarding people, properties and commerce from the negative impact of severe flooding which is expected to become more harmful through the predicted impact of climate change, specifically with more intense, short duration rainfall events.
The Project will finance a blend of solutions that help to control the attenuation, release and conveyance of rain and river water, ranging from i) restoring current storm drains, ii) piloting sustainable urban drainage solutions, iii) installation of flap valves, to iv) re-grading of river sections to increase capacity.
Project Objectives
The Project aims to regenerate the River Bic to become an attractive asset for the city and the region. The Project and its corresponding urban interventions have the potential to support the transformative ambitions of the City, not only preventing further degradation to the River but bringing it back to life and restoring the natural environment.
It is expected that an improved quality of open-air life in the reaches of the River would foster sociability and stimulate the citys economic revival, with the aim to enhance the city centres power of attraction.
The Project will reduce the harm and costs associated with increased flooding risk to around 2,100 people and restore water quality and appeal of the River, providing alternatives for recreation, amenity and sustainable mobility to around 100,000 people who live, work and visit the city. This will have positive impacts for health and wellbeing.
The Project would be the Banks first to formally implement a form of Nature Based Solution ("NBS"), the Sustainable Urban Drainage, as part of sustainable and climate resilient infrastructure. |
