CMI Offshore

Country:

Turkmenistan

Project number:

47096

Business sector:

Transport

Notice type:

Private

Environmental category:

B

Status:

Passed structure review, Pending final review

PSD disclosed:

17 Oct 2016

Translated version of this PSD: Russian

Project Description

The USD 30 million loan will be provided on a 5-7 year term basis to enable the Company to continue its growth programme in Turkmenistan and Kazakhstan.

Project Objectives

The Bank's loan will be used to support the Company in acquiring new vessels.

Transition Impact

The transition impact of the project will focus on supporting private foreign direct investments, skill transfers and environmental impact.

Client Information

CMI OFFSHORE LTD

CMI Offshore provides marine and logistics services to offshore oil and maritime sectors in the Caspian Sea region.

EBRD Finance Summary

USD 30,000,000.00

Total Project Cost

USD 30,000,000.00

Environmental and Social Summary

The proposed project has been categorised B in accordance with the 2014 EBRD Environmental and Social (E&S) Policy, as the potential impacts are expected to be site specific and readily identifiable and addressed through mitigation measures.

The environmental and social due diligence for the project, which is ongoing, includes an independent third party environmental and social audit to assess the Client's management capacity and systems to manage environment, health, safety and labour issues in its operations and an analysis of the potential (future) E&S impacts and benefits. It will also assess the Client's ability to carry out the Project in compliance with the Bank's Performance Requirements.

This PSD will be updated when the results of due diligence are known.

Technical Cooperation

None.

Company Contact Information

Nadiya Isikova
nadiya@cmioffshore.com
+302108034334
http://cmioffshore.com/
34, Agiassou Vrilissia, 152 35 Greece

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
Text of the PIP

Project Complaint Mechanism (PCM)

The EBRD has established the Project Complaint Mechanism (PCM) to provide an opportunity for an independent review of complaints from one or more individuals or from organisations concerning projects financed by the Bank which are alleged to have caused, or likely to cause, harm.

Project Complaint Mechanism

Any complaint under the PCM must be filed in accordance with the timeframes prescribed in the PCM Rules of Procedure. You may contact the PCM Officer (at pcm@ebrd.com) for assistance if you are uncertain as to the eligibility of your complaint.