DFF - Atasu II

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

The provision of EUR 25 million loan (in USD or KZT equivalent) to LLP Atasu Group, one of the intermodal logistics operators in Kazakhstan.

The project is an operation change providing for (i) an extension of an additional EUR 12.5 million loan and (ii) a change in the use of proceeds for the existing EUR 12.5 million.

The proceeds for the total amount of EUR 25 million co-finance (i) a buyback of the stake held by a minority investor in the Company, (ii) modernisation of the Dostyk railway terminal, and (iii) acquisition of 145 open top railway wagons (the "Project").

The total cost of the Project is EUR 61 million. The balance will be funded by a local commercial bank and internally generated cash.

Project ID 53693

Status Complete

Location

Kazakhstan

Business Sector

Transport

Notice Type

Private

Project timeline

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

Company Contact Information

Batyr Abylkassimov
abylkassimov.b@atasugroup.com
+7 727 2207575 (ext. 220)

Project ID 53693

Status Complete

Location

Kazakhstan

Business Sector

Transport

Notice Type

Private

Environmental Category

Approval Date

07 Feb 2023

Disclosure date

06 Feb 2023

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 provision of EUR 25 million loan (in USD or KZT equivalent) to LLP Atasu Group, one of the intermodal logistics operators in Kazakhstan.

The project is an operation change providing for (i) an extension of an additional EUR 12.5 million loan and (ii) a change in the use of proceeds for the existing EUR 12.5 million.

The total cost of the Project is EUR 61 million. The balance will be funded by a local commercial bank and internally generated cash.

Project objectives

The Project will be supporting a private company investing in commercial transport operations such as the expansion of fleet and rail freight services. It will also contribute to the development of transportation services along the Middle Corridor (also known as the Trans-Caspian Corridor).

Transition impact

ETI Score:61

ong>Primary TI quality: Competitive - The project supports a private operator in a market dominated by state-owned enterprises.

Secondary TI quality: Integrated - The project promotes improvements in current infrastructure services.

Client information

ATASU GROUP OF COMPANIES LLP

Atasu Group of Companies LLP is a vertically integrated logistics operator providing point-to-point transportation services for an established portfolio of clients. It is predominately active in the railway transportation segment focusing on container transportation of consumer goods and container handling.

EBRD Finance Summary

EUR 24,891,681.11

Total project cost

EUR 61,306,714.86

Additionality

Financing Structure: The EBRD offers financing that is not widely available in the market from commercial sources on reasonable terms and conditions.

Environmental & Social Summary

Categorised B (2019 ESP) and Low-Medium risk. Key E&S risks and impacts to consider include labour and working conditions, occupational health and safety, waste management, operational rail safety and hazardous material management. Environmental and Social (E&S) due diligence was undertaken by the Bank to assess the Company's corporate E&S arrangements and its capacity to implement the Project under the 2019 ESP. ESDD assessed the E&S corporate questionnaire, including the arrangements for the transportation of hazardous materials. No further ESDD is required. The Project is considered Paris aligned for climate mitigation as it features in the joint MDB "aligned list" and meets accompanying conditions. No further assessment is required. The Project is deemed not significantly exposed to physical climate risks and is considered Paris aligned for climate adaptation. The PC risk score of the project is 1. The CART is low risk as it is sufficiently geographically diversified based. No second stage assessment is required.

Technical Cooperation and Grant Financing

None.

Company Contact Information

Batyr Abylkassimov
abylkassimov.b@atasugroup.com
+7 727 2207575 (ext. 220)

PSD last updated

08 Nov 2023

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 the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) 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 also requires its clients to disclose information, as appropriate, about the risks and impacts of 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 of the Bank's activities 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 EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. 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, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. 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 (for example, 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 the 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 and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

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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DFF - Atasu II

Overview

Project timeline

Company Contact Information

Project description

Project objectives

Transition impact

Client information

EBRD Finance Summary

Total project cost

Additionality

Environmental & Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

PSD last updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)