Project description
and objectives:
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The proposed project provides a long-term loan to finance part of the
acquisition costs of 5 dry cargo newbuildings, a part of the company’s fleet
modernisation programme.
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Transition impact:
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The proposed project will include corporate governance enhancement measures to
be implemented by the company. It will also facilitate inter-regional trade,
and will support the company’s further fleet modernisation.
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The client:
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Joint Stock Shipping Company Ukrrichflot is a Kyiv-based ship owner operating
in the niche river-sea and short sea markets on the Dnieper and Danube rivers,
in the Black, Azov, North and Baltic Seas, as well as in the Mediterranean.
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EBRD finance:
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A senior loan of up to USD 28 million, to be structured as an A/B loan.
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Total project cost:
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USD 50 million.
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Environmental impact:
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Screened B/1.
There will also be a requirement to establish relevant on-shore staff health
and safety and environmental procedures and emergency response plans and
certification according to ISO 14000, the international standard for
environmental management systems, in addition to the pre-requisite safety and
environmental compliance for the Project Vessels, which will be fully classed
by the Russian Registry of Shipping, a member of the International Association
of Classification Societies and compliance with international conventions such
as MARPOL and SOLAS and the relevant river standards.
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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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JSSC Ukrrichflot
51 Nizhniy Val,
Kyiv 04071,
Ukraine
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EBRD contact:
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Igor Storchak, Operation Leader: storchai@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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