Project description
and objectives:
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The proposed project will assist ADDY in meeting the increasing demand for oil
and oil products traffic primarily along the east-west trans-Caucasian railway
line.
The EBRD loan will finance the refurbishment of electric shunting locomotives,
depot equipment and track maintenance machines.
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Transition
impact:
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In transition terms, the project will:
-
require that ADDY is transferred to a joint stock company;
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require ADDY to develop and implement a restructuring plan;
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require ADDY to prepare a plan for reducing accounts receivable.
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The client:
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The Client will be Azerbaijan Dovlet Demir Yolu (ADDY), which is a fully
integrated State Railway Company that is responsible for operating the railway
system throughout Azerbaijan. It handles both passenger and freight services.
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EBRD
finance:
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The EBRD loan amount is USD 50 million.
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Total project cost:
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The total project cost is USD 70 million.
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Environmental impact:
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The project was screened B/O.
According to independent consultants, there are no significant direct
environmental issues associated with the project. Such effects as there are
will be positive, as the improved efficiency of the new and overhauled
locomotives will consume less energy, both electricity and diesel fuel. The
Project is also likely to increase safety and efficiency of the ADDY's railway
operations and to reduce risk of oil spills particularly as the transport of
oil and oil products constitutes about 75 percent of Azeri freight traffic.
The Environmental Analysis, which included a site visit by the Bank’s
Environmental Specialist, will address a number of outstanding environmental,
health and safety issues to ensure compliance with ADDY's own policy and EU
standards.
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Technical
cooperation:
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Project preparation activities have been financed by the UK Trust Fund in an
amount of EUR 49,950.
Consultants will be required to assist ADDY’s Project Implementation Unit
(PIU) and funding for this task has been secured from the government of
Germany. The amount is EUR 500,000.
The project will also require a Lender’s Monitoring Advisor (LMA) for which
grant financing will be requested.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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EBRD contact:
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Lin O'Grady, Operation Leader: ogradyl@ebrd.com
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Procurement or tendering
opportunities:
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Visit EBRD Procurement
Enquiries: Tel: +44 20 7338 6794; Fax: +44 20 7338 7472, Email: procurement@ebrd.com
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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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