Project description
and objectives:
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The proposed project will enable the Port to carry out its modernisation
programme, including berth reconstruction, procurement of the cargo handling
equipment and dredging works in order to increase operational reliability and
efficiency of the Port’s services.
The Project also includes Port’s corporate development programme with the aim
to transform it into a more commercial entity through introducing business
planning, IFRS audit and strengthening the Port’s in-house capacity in
strategic development and management of its relationships with the private
operators.
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Transition
impact:
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The Bank will promote commercialisation of one of the major ports in the
Country and establish a platform for continuing the policy dialogue with the
Government on comprehensive reform of the sector, which could eventually
enable Ukrainian ports to borrow without sovereign guarantees in the future.
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The client:
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The Port of Illichevsk is one of the largest ports in Ukraine located on the
coast of Sukhoy Liman, 12 miles southwest from Odessa.
The Port is divided into three cargo terminal complexes. The main products
handled include: metal products, grain, fertilizers, cement, coke, coal, and
containers.
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EBRD
finance:
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EURO 26 million loan
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Total project cost:
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EURO 38.6 million
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Environmental impact:
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The project has been screened B/1.
The project presents significant opportunities to improve environmental and
worker health and safety conditions at the Illichevsk Port and reduce its
impacts on the environment of the Black Sea. Environmental due diligence,
which was carried out for the Port facilities proposed an Environmental Action
Plan to bring the facilities into compliance with applicable national and EU
environmental standards. The implementation of EAP and environmental reporting
will be covenanted in the Loan Agreement.
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Technical
cooperation:
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Technical co-operation assistance for Bank’s due diligence: market, technical
and environmental due-diligence financed under the EU TACIS-funded Transport
Team framework contract (funds totalled around EUR 100,000).
Technical co-operation assistance for Corporate Development: introduction of
business planning and development of capital investment policy, management of
the Port’s relationships with the private operators and introduction of IFRS
(EUR 500,000). To be financed under EU IPF 2002.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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EBRD contact:
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Mark Magaletsky, Operation Leader: magaletm@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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