VIKING RIVER CRUISES

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 6884

Status Complete

Location

Regional

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 6884

Status Complete

Location

Regional

Business Sector

Transport

Notice Type

Private

Environmental Category

Approval Date

10 Jul 2001

Disclosure date

11 Jun 2001

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

Proposed senior loan for the acquisition of: (a) two second-hand river cruise vessels for Viking River Cruises’ Russian operation; and (b) a new river cruise vessel for their Hungarian operation.

The project aims to assist Viking River Cruises in expanding its fleet of river cruise vessels serving international tourists in Russia and Hungary. The loan would finance the acquisition of two second-hand river cruise vessels for the company's operations in Russia and a new vessel for operations in Hungary.

Transition Impact

The project will promote tourism in Russia and Hungary, increase competition in the river cruise market and introduce higher standards of service, which would help to expand the overall market.

The Client

(a) Viking River Tours, a limited liability company registered in Bermuda, (b) Viking River Croisieres Sarl a limited company established in Hungary, and (c) OOO Passenger Fleet, (PF), a limited company registered in Russia, where (a) and (b) are the borrowers and (c) is the guarantor. All companies are 100 per cent owned by Viking River Cruises S.A., a limited liability company registered in Luxembourg.

EBRD Finance

Senior loan of US$ 15 million (€17.7 million)

Project Cost

US$ 30 million (€35.41 million).

Environmental Impact

The project was screened B/0, requiring an environmental analysis. The principal environmental issues are: compliance with relevant national, EU and international standards for the construction and operation of such vessels; and environmental, health and safety considerations during operation of the vessels, particularly with regard to emergency response.

Technical Cooperation

None.

Company Contact

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

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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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