Project description
and objectives:
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The proposed project will include:
(a) construction of a new international terminal, car park, improvements to
the apron, taxiway and runway and acquisition of ground handling equipment at
Tbilisi International Airport; and
(b) construction works and modernisation of equipment and systems at Batumi
Airport. The construction works are expected to be completed by the end of
2006 at Tblisi International Airport and by the mid-2007 at Batumi Airport.
The new passenger terminal is required to support growing international
traffic.
The implementing Agency and the Borrower for the Project is TAV Urban Georgia,
a concessionaire and SPV for the construction and operation of Tbilisi
International Airport.
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Transition impact:
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The project will contribute to transition in the following ways:
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Demonstration effect, which includes success of the concession in the long
term; replication in other parts of this region, no government interference;
and no major changes to the Concession Agreement.
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Increased private ownership, given that Tbilisi International Airport will be
built and operated by the private sector for the life of the concession.
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Transfer of know-how, which includes the training of local staff at the
airport and the introduction of more commercial practices.
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The client:
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TAV Urban Georgia, the Borrower, is a Special Purpose Vehicle (‘SPV’)
established by the Sponsor to implement the project and represents a legal
party to BOT (Build, Operate and Transfer) concession with the Tbilisi
International Airport Company.
The Sponsor, TAV URBAN Joint Venture consists of four partners, namely Tepe
(30% of the total ownership); Akfen (30% of the total ownership); Sera (10% of
the total ownership; and Urban (30% of the total ownership).
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EBRD finance:
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The investment is a Senior Loan of USD 27 million to TAV Urban Georgia.
The project will be co-financed with the International Finance Corporation
(‘IFC’) who will also provide a senior loan of USD 27 million.
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Total project cost:
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The total project cost is USD 77 million.
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Environmental impact:
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The project was screened B/1. Environmental due diligence, including a site
visit by the Bank’s Environmental Specialist confirmed that environmental
issues associated with the construction of new airport terminal and
modernisation of existing facilities are unlikely to have significant
environmental impacts and will bring about safety benefits. An Environmental
Impact Assessment (EIA) has been undertaken in accordance with national
requirements and an Environmental Management Plan (EMP) is being developed to
ensure that the construction and operation of the new international terminal
will meet International Civil Aviation Organization (ICAO) standards of safety
and environment and applicable Georgian and EU environmental 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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TAV Urban Georgia
Investment Construction and Operation
Tel: (+995 32) 934052
Fax: (+995 32) 920958
Website:
www.tav.com.tr
Serkan KAPTAN, TAV Investments Director, Istanbul Ataturk
International
Airport 34149 Yesilkoy, Istanbul – TURKEY
Tel: +90 212 465 55 55 ext. 6033
Fax: +90 212 465 31 00
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EBRD contact:
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Lin O'Grady, Operation Leader: ogradyl@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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