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Project summary document

Project name:Multi-Vendor Leasing Framework
Country:Russia
Project number:35348
Business sector:General manufacturing
Public/Private:Private
Environmental category:FI
Board date:11 July 2006
Status:Board approved
Date PSD disclosed:
Date PSD updated:
11 May 2006
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Project description
and objectives:

The proposed project establishes a USD 60 million leasing framework in the Russian Federation to finance leases of equipment manufactured by reputable international vendors of good standing. The Bank will cover 33% of the risk and funding in each individual lease, up to USD 20 million in aggregate. OOO Raiffeisen Leasing Moscow will act as the Lessor under the framework.

Sub-projects:

When sub-projects are signed they will be listed here.

Transition impact:

The project will help advance technological and skill modernisation and efficiency improvements in key sectors of the economy. The main transition impact of the project derives from the provision of financing to small and medium sized companies, which lack access to affordable financing.

The client:

Eligible Russian companies engaged in modernisation.

EBRD finance:

USD 20 million to finance projects under the leasing facility.

Total project cost:

USD 60 million.

Environmental impact:

Screened FI. Environmental risks associated with the proposed operation will be mitigated by the small and medium size of the Lessees operations, and the familiarity of OOO Raiffeisen Leasing (the Lessor) with EBRD’s Environmental Procedures for Leasing as well as by the adherence to internationally recognised standards of operator safety and environmental responsibility of the reputable international Vendors. OOO Raiffeisen Leasing will be required to comply with EBRD’s Environmental Procedures for Leasing including adherence to the Bank’s Environmental Exclusion and Referral List, compliance with the applicable Russian environmental, health and safety requirements and submission of an annual environmental report to the Bank.

Technical
cooperation:

None.

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

Company contact:

Galina Kostyleva, Managing director
OOO Raiffeisen Leasing

Tel: +7 495 721 99 80
Fax: +7 495 721 95 72

Email: gkostyleva@raiffeisen.ru

EBRD contact:

Dmitry Loginov, Operation Leader: loginovd@ebrd.com

Business opportunities:

For business opportunities or procurement, contact the client company.

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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