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Greece Project Notice - Waste Management PPP At The Region Of North Aegean


Project Notice

PNR 71480
Project Name Waste Management PPP at the Region of North Aegean
Project Detail Currently, there are significant challenges in waste management infrastructure in the North Aegean Region of Greece (“the Region”). There is a considerable lag in the establishment of basic waste management infrastructure, as defined in the National Waste Management Plan (NWMP) and the previous Regional Waste Management Plan (RWMP) for North Aegean. As a result, the waste management system in the Region remains underdeveloped resulting in undeniable environmental effects, as well as impacts on society, economy, and the overall development of the area. Due to the delay in establishing basic waste management facilities specified in the previous RWMP, the Region continues to rely heavily on landfilling. The informal waste sector and illegal dumping are also still present. The revision of the RWMP appears to be a step in the right direction, aligning with both Greek and EU regulations and offering a framework for more efficient and effective waste management practices. As already known, the Government of Greece (GoG) and the Ministry of Environment & Energy have decided to develop the Project through PPP. The Project’s implementation as a PPP is expected to contribute to the development of an integrated waste management system, which will operate on the basis of measurable performance indicators, to meet the targets set by the legislation regarding the reduction of the amount of the biodegradable fraction diverted to burial, the recycling and recovery of materials and energy, as well as any special requirements of the Contracting Authority. Implementing properly organised waste treatment facilities will not only help meet the objectives of environmental legislation, but also contribute to the overall well-being and sustainability of the Region. It is important for stakeholders at various levels, including government authorities, local communities, and waste management entities, to work together to ensure the successful implementation of these plans. This collaboration will be essential in addressing the complex challenges associated with waste management and achieving positive outcomes for both the environment and society. The proposed waste management setup includes the following facilities. Island/Location Infrastructure Lesvos RRF + Landfill Samos RRF + Landfill Ikaria BTF + WTS* Fournoi MCU Note: *Construction of facility not included in PPP perimeter. OPEX only. According to the PPP structure, as non – compensatory PPPs, the Private Sector Partner (SPV) will not be paid via revenues generated from the project but via availability payments by the Public Partner during Operations. The availability payments will be linked to the amount of waste that the SPV will manage and will depend on compliance with the availability criteria and operating specifications that will be included in the tender documents, as well as the achievement of the goals provided by the national and EU legislation. Such availability payments will be secured through the approval of the pre-feasibility study by the Inter-Ministerial Committee expected by August 2025. The PPP will cover 27 years, of which 2 years for the construction phase and 25 years for the operational phase. Under the PPP project, the private partner will: • Design, construct, and equip the proposed facilities (excluding the WTS in Ikaria) and surrounding areas to the technical specifications. • Conduct technical management throughout the contract duration including supervision, routine and heavy maintenance (preventive and corrective), day-to-day technical operation and supervision of readiness for the project facilities and systems and the surrounding areas. • Provide insurance and security services for the buildings and other facilities and systems throughout the project duration. • Finance the entire project with private and/or loan funds in exchange for ‘Availability payments’ as per the partnership agreement. The allocation of services between the public and private sector will be reviewed and finalized during the Project Preparation Phase. The overall objective of the project preparation assignment will focus on the following: • Feasibility studies including technical studies, legal due diligence, environmental and social studies, and financial assessments including fiscal analysis, cost/benefit and value-for-money analysis. • Preparation of procurement documents including the RFQ, RFP (including Phase B.I – Competitive Dialogue, Phase B.II – Invitation to submit Binding Offers), PPP Agreements and any other agreement relevant to a Project. • Assistance in obtaining all necessary administrative approvals. • Preliminary assessment of potential E&S impacts. • Support in conducting an internationally competitive PPP procurement process. Such procurements shall meet both the local legislation and the EBRD Procurement Policy . • Active participation in structuring of the PPP for well-balanced risk allocation and bankability. • Commercial close entailing signing of Project agreements. • Achievement of financial close entailing signing of the financing agreements. The Project preparation must meet all the relevant requirements and standards established by the Bank.
Funded By European Bank for Reconstruction and Development (EBRD)
Sector Energy, Power and Electrical
Country Greece , Western Europe
Project Value Plz Refer Document

Contact Information

Company Name European Bank for Reconstruction and Development (EBRD)

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