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Project summary document

Project name:Tallinn Airport Loan
Country:Estonia
Project number:27969
Business sector:Transport
Public/Private:Public
Environmental category:C
Board date:8 October 2002
Status:Completed
Date PSD disclosed:
Date PSD updated:
24 May 2002
15 October 2002
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Related links
Estonia homepage
Transport homepage

Project description
and objectives:

EUR 7.5 million to refinance existing EBRD USD-nominated sovereign guaranteed loan with a corporate facility without sovereign guarantee. The purpose of the proposed corporate loan is to refinance the existing EBRD sovereign guaranteed loan with corporate facility not guaranteed by the sovereign and extend its maturity to strengthen the cash flow needed to support the Company’s further investment programme.

Transition impact:

The project will contribute to the transition process by:

  • Financing public entities without sovereign guarantee; and

  • Supporting the Company in implementing its investment programme, including the investments required to comply with the EU requirements.

The client:

AS Tallinn Airport (the "Company") – a state-owned joint-stock company incorporated under the laws of the Republic of Estonia. The Company owns and operates the airport of Tallinn, the only international airport in Estonia.

EBRD finance:

EUR 7.5 million senior loan.

Total project cost:

EUR 7.5 million.

Environmental impact:

Screened C/0 based on the assumption that loan maturity extension does not lead to any new projects to be carried out under this loan.

Technical
cooperation:

None.

For consultant opportunities for projects financed by technical cooperation funds, visit procurement of consultants.

EBRD contact:

Artjom Sokolov, Operation Leader: sokolova@tal.ebrd.com

Procurement or tendering
opportunities:

Visit EBRD Procurement
Enquiries: Tel: +44 20 7338 6794; Fax: +44 20 7338 7472, Email: procurement@ebrd.com

General enquiries:

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com


Project Summary Documents are created before consideration by the EBRD Board of Directors. Details of a project may change following disclosure of a Project Summary Document. Project Summary Documents cannot be considered to represent official EBRD policy.
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