Project description
and objectives:
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The project will establish a USD 75 million leasing framework facility on a risk sharing basis between NSE, Ltd. (NSE), which is a Russian subsidiary of Nippon Steel Trading Co., Ltd. (Nippon), and the EBRD. The facility will provide lease financing to Russian companies modernising or expanding their fleet of construction and mining machinery.
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Sub-projects:
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Transition impact:
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The transition impact potential will be derived from the following:
- The project will support the expansion of the Russian leasing industry and enhancement of competition in construction machinery sector.
- The project will also contribute to market-based conduct, skills and innovation, through implementation of high standards of business practices and market behaviour, thereby achieving an important demonstration effect in the sector in which it will operate.
- Finally, the project will facilitate provision of financing to small and medium-sized companies, which in general lack access to affordable financing mechanisms.
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The client:
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The beneficiaries of the proposed financing will be Russian end-users of equipment leased by NSE, including small and medium sized construction and mining companies. NSE will act as project sponsor and lessor, providing financing for 100% of the leases' amount and taking a risk share of up to 80% in each lease transaction.
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EBRD finance:
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Up to USD 37.5 million, through an-unfunded risk participation.
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Total project cost:
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Up to USD 75.0 million.
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Environmental impact:
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EBRD's Environmental Procedures for Leasing Companies will apply to this operation. Activities prohibited by EBRD's Environmental Exclusion List are excluded from financing. Lessees will be required to comply, at a minimum, with Russian environmental, health and safety and labour regulations and standards, including regulations to protect environmentally sensitive areas. Each Lease Proposal will include an environmental review summary outlining the Lessee's environmental status. In addition, EBRD will receive annual environmental reports.
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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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Mr. Masahiro Nakazawa, General Director (NSE)
Tel: +7 (495) 223-5610
Fax: +7 (495) 223-5611
Email: nakazawa@ns-trading.com
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EBRD contact:
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Andrey Kalashnikov, Operation Leader: kalashna@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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