Translated version of this PSD: Albanian
The proposed project will finance the dredging of the entrance channel and harbour basin at the Port of Durres in Albania to allow vessels with a draft of 10.5 m to enter the port, equating to vessels of a size of 30,000 DWT (Deadweight Tonnage) for bulk cargo or 1,700 TEU (Twenty-foot Equivalent Unit) for containers.
The Port of Durres is the country’s largest port and is located 42 km from the capital Tirana, adjacent to the city of Durres, in the northern part of the Bay of Durres.
The port is a key node in Pan-European Corridor VIII, a transport corridor from the Italian ports of Bari and Brindisi to Durres, then across Albania, FYR Macedonia and Bulgaria, through to its Black Sea ports.
The project will have significant demonstration impact as the first loan to a state-owned company on a non-sovereign basis in the transport sector. Additional transition impact will be gained from the introduction of energy efficient technologies, improvement of environmental standards and the use of concessions as the port migrates to a landlord port model.
The client is the Port of Durres Authority Sh.a (“PDA”), a 100 per cent state-owned company responsible for managing the Port of Durres. PDA is administered by the Ministry of Public Works and Transport of Albania (“MPWT”), whilst being operated on a commercial basis with independent management.
EUR 15 million senior non-sovereign loan to PDA.
Estimated EUR 20 million. The project will be co-financed by PDA.
The proposed project has been categorised B in accordance with the 2008 EBRD Environmental and Social (E&S) Policy, as the potential impacts are expected to be site specific and readily identifiable and addressed through mitigation measures.
The environmental and social due diligence for the project includes an independent third party environmental and social audit to assess the Client’s management capacity and systems to manage environment, health, safety and labour issues in its operations and an analysis of the potential (future) E&S impacts and benefits. It will also assess the Client’s ability to carry out the project in compliance with the Bank’s Performance Requirements.
An Environmental and Social Action Plan (ESAP) will be prepared for the project. A Stakeholder Engagement Plan will also be developed that will include a grievance mechanism and information on environmental and social performance. A summary of the agreed Action Plan will be released to stakeholders.
This PSD will be updated when the results of due diligence are known.
EUR 200,000 to support PDA in achieving environmental certification and carrying out an energy efficiency audit.
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