St. Petersburg - Air Cargo Terminal Pulkovo - Phase 1

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 4783

Status Complete

Location

Russia

Business Sector

Transport

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 4783

Status Complete

Location

Russia

Business Sector

Transport

Notice Type

Private

Environmental Category

Approval Date

03 May 2000

Disclosure date

12 Apr 2000

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

The operation will enable ZAO Cargo Terminal Pulkovo to finance the design and construction of a new air cargo terminal building to be built at St. Petersburg Pulkovo Airport in Russia. The 10,700 m2 terminal will be located on a 47,000 m2 land plot adjacent to one of the two airport runways, with direct access to the aprons. The terminal, with a capacity of 30,000 to 35,000 tonnes per annum, will be fully state of the art. It will include specialised facilities for dangerous, valuable and temperature-controlled cargo.

Transition Impact

The project will have an impact on the transition process by:

attracting foreign investment in an operation run by a private company;
introducing a new product, i.e. a modern cargo terminal, in an area where modern cargo terminals are presently absent; and
promoting market efficiency and facilitating foreign trade through increasing access to a bottleneck facility.
The project is also expected to contribute to the development of skills and the setting of high standards of corporate governance and business conduct.

The Client

A special-purpose Russian closed joint-stock company – ZAO Cargo Terminal Pulkovo (CTP) – was created to own and operate the terminal. The company will act as a borrower under the proposed project. The capital of the company is US$ 2 million. In addition, subordinated loans amounting to US$ 2.74 million will be contributed by the sponsors. The main shareholders of CTP are SUAE Pulkovo and Lufthansa's subsidiary GlobeGround, which will also manage the company.

EBRD Finance

Senior loan of US$ 8 million, comprising an "A loan" portion of US$ 4 million (€4 million) for the EBRD’s own account and a "B loan" portion of US$ 4 million (€4 million) to be syndicated to commercial banks

Project Cost

US$ 12.75 million (€12.75 million)

Environmental Impact

The project was screened as B/0, requiring an environmental analysis. This was based on information provided by GlobeGround and an environmental report commissioned by the State Aviation Enterprise Pulkovo. Issues likely to be associated with the new terminal, such as increased noise and air emissions, water discharge, waste management and handling of hazardous goods, will be addressed in the Environmental Action Plan to be prepared by the company and approved by the EBRD.

The new terminal will be constructed in accordance with international standards with due consideration to the efficient use of electricity and heat. Health and safety manuals will be developed for the employees in line with national and International Air Transport Association (IATA) guidelines. Regular general and specialist training will be provided, as well as necessary personal protective equipment.

Technical Cooperation

None.

Transition impact

ETI Score:35

PSD last updated

01 Feb 2019

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. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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