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Project summary document

Project name:Ostankino Tower Repairs
Country:Russia
Project number:15898
Business sector:Municipal and environmental infrastructure
Public/Private:Public
Environmental category:B
Board date:10 December 2002
Status:Signed
Date PSD disclosed:
Date PSD updated:
10 July 2001
20 January 2003
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EBRD funds repairs of Moscow's Ostankino TV tower [Story]

Project description
and objectives:

Proposed emergency civil works for repair of the Ostankino TV tower in Moscow, including purchase and installation of high-speed passenger and cargo lifts, as well as associated repair works.

Subject to transition-related conditionalities (see below), the project would focus on immediate investments that are required for the restoration of the tower following a fire in August 2000. These will include acquisition and installation of high-speed passenger and cargo lifts, as well as the related civil works.

Transition impact:

Transition impact would include:

Promotion and strengthening of level playing field conditions in the broadcasting sector: Adoption of appropriate measures, possibly including changes in ownership structure, to secure open and equal access to the tower, taking account of available capacity, will enable all qualified (i.e. duly licensed) paying users to achieve desired signal coverage. Development of an equitable system of tariff regulation will further ensure that all users, private or public, pay equally for services rendered.

Improved governance: Introduction of international accounting standards (IAS) will promote transparency and fiscal accountability.

The client:

State Centre for Radio and Television

EBRD finance:

Sovereign loan of up to US$ 45 million to the Ministry of Finance of the Russian Federation

Total project cost:

Equivalent of US$ 50 million (subject to due diligence).

Environmental impact:

The Ostankino tower is an existing structure and its renovation should not have a material effect on the environmental planning requirements. There may, however, be a range of environmental, health and safety issues associated with the reconstruction and refurbishment, which will be addressed in the due diligence.

Technical
cooperation:

TC funding will be sought for assistance with technical and financial due diligence.

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

EBRD contact:

Nadezhda Klyuchnikova, Operation Leader: klyuchnn@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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