Project description
and objectives:
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Long-term syndicated debt facility to finance the acquisition of seven new general cargo vessels from Romania.
The project aims to finance the acquisition of seven new general cargo vessels to support the modernisation of Ukrrichflot’s fleet.
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Transition impact:
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The project is expected to facilitate Ukrainian exports and inter-regional trade.
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The client:
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Ukrrichflot is a major Ukrainian shipping company operating in the river-sea and short-sea markets carrying dry cargoes.
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EBRD finance:
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Long-term syndicated debt facility of US$ 17.12 million (€18.35 million).
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Total project cost:
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US$ 45.60 million (€48.87million).
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Environmental impact:
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The project was screened B/0, requiring an environmental analysis. For the existing facility, an environmental report was prepared following an audit of the six collateral ships mortgaged to the EBRD. The report confirmed the company’s compliance with national requirements and international conventions, and the audit confirmed that the collateral ships complied with the requirements of class. Subsequent annual environmental reports have confirmed the company’s continuing compliance with national and international requirements. For the new facility, the Bank will, as previously, require independent confirmation that the collateral vessels offered meet national and international requirements for environment, health and safety. The company will continue to submit annual environmental reports to the EBRD.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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EBRD contact:
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Lai Chan Rasti, Operation Leader: rastil@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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