Project description
and objectives:
|
The proposed Project will finance construction and operation of 5 supermarkets
in the main urban centres of Albania supporting Euromax to become the first
modern food retail operator in the country.
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Transition impact:
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The Bank’s participation will promote competition and increased efficiency,
and establish best industry practice with regard to food hygiene, and health
and safety standards in the Albanian food distribution sector. In addition it
will set the standards of corporate governance and good business practice
throughout Euromax operations.
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The client:
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Euromax sh.p.k.. is a local supermarket operator in Albania.
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EBRD finance:
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EUR 10 million secured loan and up to EUR 1.5 million equity investment.
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Total project cost:
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EUR 23.5 million.
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Environmental impact:
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The construction of new supermarket developments such as this project has some
environmental impacts which can be readily identified and prevented through
adequate mitigation measures. For the above reasons, the EBRD has classified
the project C/1 and as such it requires an environmental audit. The audit
will take the form of a corporate environmental review which will assess the
environmental risks and liabilities associated with the Company's operations
and compliance with both national and EU standards, and will provide
recommendations, as necessary, to address any risk or non-compliance issues.
Any such recommendations will be formulated into an agreed environmental
action plan and the Company will provide reporting to the Bank on the
implementation of the EAP. This PSD will be updated, as appropriate, following
the completion of environmental due diligence.
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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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EUROMAX LTD
Tel:+355 4 380 000
Fax:+ 355 4 380 001
E
- mail: info@euromax.com.al
www.euromax.com.al
Ariola Mata, Marketing Manager
Tel: +355 4 380 025
Mob: +355
69 20 75 222
E- mail: a.mata@euromax.com.al
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EBRD contact:
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Anja Langenbucher, Operation Leader: langenba@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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