|Title:||Constanta Water - Preparation of a Performance Based Service Agreement|
|Dates:||September, 2018 - June, 2019|
The City of Constanta (the City), the second largest metropolitan area of Romania with over 425 thousand population, is the largest port of the country to the Black Sea and a major commercial, trading and touristic center. S.C. RAJA S.A. Constanta (RAJA) is the Country's largest public water and wastewater utility and the regionalized water and wastewater provider for the City of Constanta, the County of Constanta and several other localities in seven adjacent counties in Romania, serving in total a population of over 3 million.
RAJA approached the EBRD with a request to explore the involvement of the private sector in decreasing Non-Revenue Water (NRW) in the City's water distribution network (the Project). RAJA requested the Bank to explore the involvement of a Private Partner under a Performance-Based Service Agreement (PBSA) between RAJA and the Private Partner, whereby the payment mechanism to the Private Partner contains certain parts linked to performance as defined in a number of Key Performance Indicators (KPIs).
The Consortium led by Corporate Solutions Consulting has been contracted to provide assistance to RAJA in the preparation of the draft PBSA, the drafting of tender documentation, launch of tender, tender evaluation and contracting of the Private Partner.