Ventspils Port Multi-Purpose/Intermodal Terminal

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 5920

Status Complete

Location

Latvia

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 5920

Status Complete

Location

Latvia

Business Sector

Transport

Notice Type

Private

Environmental Category

Approval Date

11 May 1999

Disclosure date

12 Apr 1999

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 project consists of building and operating a new multi-purpose/intermodal terminal in the Port of Ventspils (Latvia) to serve the demand for general cargo traffic in the Baltic Sea and to promote Ventspils as a gateway to Russia.

The project aims to support the development of an efficient, state-of-the-art, multi-purpose/intermodal terminal, enhancing the service standards offered to trading companies and shipping lines in the region through commercially operated facilities under private management and control at the port of Ventspils.

Transition Impact

The project is expected to lead to:

Greater competition in the project sector: The new terminal will introduce efficiency, innovation and a better service for customers through modern management techniques. The continuity, reliability, and high quality of the services will enhance competition for general cargo handling, especially containers, in Latvia and throughout the Baltic Sea region.

Private ownership: The project will increase private sector involvement in the development of Latvian ports, demonstrating effective private-public cooperation at work and commercially oriented cargo-handling operations. In addition, Noord Natie will introduce high standards of corporate governance in the joint venture company, thus achieving a significant development of skills.

The Client

Noord Natie Ventspils Terminals LLC is a joint venture between Noord Natie nv and Ventplac LLC. Noord Natie nv (a Belgium-based company established in 1882) will contribute its substantial international experience in port operations, particularly the management of high-quality container terminals, as well as its established sales and marketing network.

EBRD Finance

A loan of US$ 21.2 million (EUR 19.8 million), part of which will be syndicated to commercial banks.

Project Cost

US$ 32.0 million (EUR 29.9 million)

Environmental Impact

This project was screened B1, requiring an environmental analysis and audit. An initial environmental site investigation identified the key environmental issues associated with the project and is the basis for the project screening. Issues such as compliance with national and EU/World Bank environmental and health and safety standards, potential environmental liabilities from past operations on site and local requirements of the relevant authorities were included. The environmental analysis and audit required for B1 projects was carried out and an Environmental Action Plan (EAP) was developed and agreed with the Port Authorities and the City Council, addressing all major issues prior to submitting the project to the EBRD’s Board of Directors. The EAP meets the Bank’s requirements and will be formally agreed with the client prior to project implementation.

Technical Cooperation

None

Transition impact

ETI Score:55

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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