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DFF - Bir Dunya 2



Project number:


Business sector:

Manufacturing and Services

Notice type:


Environmental category:


Approval date:

10 Nov 2020



PSD disclosed:

17 Nov 2020

As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information.

Project Description

The provision of a senior secured loan of up to US$ 1.4 million (€ 1.2 million) to Economic Society Bir Dunya, one of the leading logistics and transportation companies in Turkmenistan

Project Objectives

The proceeds of the Loan will support the expansion of the existing production of Big Bags via the purchase of additional equipment, which will double the production capacity of Bir Dunya to up to 600,000 units per year. The loan will finance working capital needs and allow the company to purchase and install ventilation and air conditioning equipment in the production facility and the administrative building.

Transition Impact

ETI score: 80

The Project will contribute to the framework objectives by supporting Bir Dunya in the following areas: Competitive and Integrated.


The Project receives an ETI rating of 80 in line with the framework's TI rating approach.



Client Information


Economic Society Bir Dunya is a limited liability company established and operating in Turkmenistan, is one of the leading logistics and transportation companies in the country. The Company provides logistics and transport services to local and foreign companies transporting cargo and trade products to and from Turkmenistan via the Caspian Sea, Central Asia, Persian Gulf and other regions, as well as within the country. In 2017, the Company added Big Bags ("BB") production to its business activities with a maximum effective capacity of 300,000 units per year.

EBRD Finance Summary

USD 1,400,000.00

Total Project Cost

USD 9,000,000.00


The EBRD offers the US$ financing required for the purchase of equipment, on terms, which are not available in the market from local banks. The tenor of the loan also exceeds the 3-year term offered by domestic banks for corporate lending, which are not covered by the governmental programmes. Long-term relationship with the Bank, including mobilised technical co-operation funds and provided advisory services, will help execute the project and will support the international expansion strategy of the Company. 

Technical Cooperation and Grant Financing

A. Technical Cooperation (TC)

1) Big Bag market research for Central Asia and the Caspian region to enable the Company's export strategy. Local Advisory project cost: € 13,308, including the Borrower contribution of € 3,327. Funds provided by EU IFCA.  

2) Legal Due Diligence. Technical Co-operation cost: €14,660, including the Borrower contribution of € 5,864. Funds provided by EU SME FFCAF.

B. Co-investment grants / Concessional Finance (Non-TC)

Up to US$ 30,560 investment grants to be provided upon successful installation and commissioning of eligible energy efficient technologies. The grants will be provided in the context of the EBRD FINTECC programme, funded by GEF in the ETC region.

PSD last updated

17 Nov 2020

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and Compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP 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 following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email to get guidance and more information on IPAM and how to submit a request.


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