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Environmental review summary
Screening categories and rationale for classification
Development,
construction and management of the class A office building in Belgrade has
some environmental impacts which can be readily identified and addressed
through adequate mitigation measures and application of good international
practice. For the above reasons, the EBRD has classified the project B/1,
requiring an Environmental Analysis and Audit of the proposed project.
Information reviewed during the environmental appraisal
The
environmental due diligence has been based on the review of the completed
Environmental Questionnaire for Property Project and Annual Environmental
Reports provided by the same Sponsor for the preceding property project in
Belgrade.
Environmental impacts and mitigation measures
The sponsor has
carried out soil test and presentation of the construction design to the
public in accordance with local and national requirements. The initial
construction permit was granted in September 2005 and other permits are
underway.
The environmental due diligence to date confirmed the following:
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The site is suitable for the project.
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No harmful materials such as asbestos and formaldehyde will be used for the
construction.
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Sprinkler systems will be installed in the offices and garages.
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Smoke detective systems will be provided for the building.
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Waste water treatment and solid waste treatment provisions will be in place
during the operation of the building.
The sponsor will be required to ensure that the project complies with national
and EU environmental, health and safety standards and requirements. To achieve
that, the Sponsor is committed to apply good international practice for all
the aspect of the project.
Environmental opportunities
The project design includes the
following environmental opportunities:
(i) greeneries will be provided on the garage roof, and the site area will be
generally upgraded; and (ii) energy efficiency will be addressed through the
building design.
Monitoring
The Bank will evaluate the project’s compliance with
the applicable environmental and social requirements during the lifetime of
the project by reviewing annual environmental reports (AER) prepared for the
project covering: (1) on-going performance of project-specific environmental,
health and safety programmes, and (ii) the status of implementation of
environmental mitigation measures.
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