IKEA KOMMUNARKA SHOPPING CENTRE

Location:

Russia

Project number:

27377

Business sector:

Property and tourism

Notice type:

Private

Environmental category:

B

Target board date:

17 Sep 2002

Status:

Completed

PSD disclosed:

19 Sep 2002

Project Description

The loan would finance the establishment and operation of a shopping centre, located on a site adjacent to one of IKEA’s two existing stores in the Moscow region.
The EBRD funds aim to help introduce in the Russian Federation a new concept of retail and international retail practices.
 
 

Transition Impact

The financing of IKEA MOS is expected to promote competition in the sector and raise standards in the retail market, which would eventually lead to a more efficient market environment. Local customers would be provided with an innovative, customer oriented retail environment. IKEA, which is regarded worldwide as a professional company with stringent operating rules and high standards, would help raise industry standards and transfer skills to various players across the retail and property markets as well as set sound corporate governance standards.

The Client

IKEA MOS, a Russian subsidiary of the IKEA Group

EBRD Finance

10-year US$ 100 mln corporate loan.

Project Cost

 

Environmental Impact

An environmental analysis has been made and the EBRD project has been screened B/0.

Technical Cooperation

None.

Company Contact

 

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

General enquiries

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Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.

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