Project description
and objectives:
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The Bank’s financing will assist Oslo Marine Group in financing the modernisation and upgrading of the superstructure and infrastructure of the Vyborg Port which is a multi-purpose port situated in the Gulf of Vyborg, about 113km from St. Petersburg. The work will include replacing the port equipment; repairs of road and internal rails; upgrade and expansion of berths; increase containers storage and warehouses; improve administration, customs clearance and security offices.
The project will generally modernise the Port; increase its cargo throughput capacity; and improve operational efficiency and raise it to international standards.
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Transition impact:
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The Project will support a private port operator to modernise and upgrade its facilities at Vyborg Port. It will help to ease congestion of port and transport infrastructure in North West Russia, thus facilitating the country’s international trade from this region. The Project will also pormote increase in efficiency and competition particularly in the container and Ro-Ro sectors. In addition, the EBRD’s involvement will help to raise the environment and safety of ports to international standards.
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The client:
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OOO Port Vyborg (a limited company), which is a 100% subsidiary of Oslo Marine, will be the operating company.
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EBRD finance:
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A senior loan of up to EURO115 million, to be structured as A/B Loan. EBRD will fund the A Loan while B Loan will be syndicated to commercial B Lenders
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Total project cost:
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Up to EURO 233 million.
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Environmental impact:
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The Project was screened IEE. The Bank will conduct an Initial Environmental Examination (IEE) to determine the environmental screening category and the Bank's environmental due diligence and consultation requirements for this project.
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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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Website: http://www.oslo.ru/en/
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EBRD contact:
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Lai Chan Rasti, Operation Leader: rastil@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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