ARCTIC: Environment Project (Financial Mechanism for Environmental Rehabilitation in Arctic)

Project Summary

The proposed PDO is to improve Russia’s environmental management systems to deal with growing environmental risks and pollutions in the Arctic Zone caused by climate change and increasing human activities.

Project Details

GEF Project ID
4964
Project Type
Full-size Project
Status
Cancelled
Country
Russian Federation
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
The World Bank
Executing Agencies
Ministry of Economic Development, Russian Federation
GEF Period:
GEF - 5
Approval Fiscal Year:
2012

Financials

Project Preparation Grant Amount
0 USD
GEF Project Grant
5,504,587 USD
Co-financing Total
230,000,000 USD
GEF Agency Fees
495,413 USD
Total Cost 235,504,587.00 USD

Project Timeline

Project Cancelled
01 Jul 2016