Konnov & Sozanovsky hired for EC funded project

Konnov & Sozanovsky has been appointed as a local legal expert for the Municipal Water Supply Development Project in Kherson carried out under the Municipal Utilities Development Program. The project is being financed by the EC (funds' administration conferred to the EBRD) and is aimed at improving the technical state and economic situation of Khersonvodokanal, Kherson municipal water supply company. The core concept of the project lies in hiring (on a tender basis) an external managing company internationally experienced in managing the water supply sector, to assure the due spending of the purpose loan granted by the EC and the most effective management during the transitional period. Konnov & Sozanovsky is acting as a part of a group of French consulting companies selected via tender by the EBRD to cross-check the legality, technical and economic viability of the Management Contract concept elaborated by the EBRD experts with regard to (i) international and (ii) Ukrainian legal, economic and technical standards. Konnov & Sozanovsky's lawyers are handling the Ukrainian part of the concept expertise in the view of making it comply with applicable Ukrainian laws and regulation on municipal companies' management and the management standards in water supply sector.