Manas II

Location:

Kyrgyz Republic

Project number:

49665

Business sector:

Transport

Notice type:

Public

Environmental category:

B

Target board date:

12 Dec 2018

Status:

Concept Reviewed

PSD disclosed:

09 Oct 2018

Translated version of this PSD: Russian

Project Description

The provision of a non-sovereign loan of up to US$ 10 mln (€8.7 mln) to JSC "Manas International Airport" ("Manas"), majority owned by the Government of Kyrgyzstan.

Proceeds of the loan will be used to finance part of the rehabilitation programme of Bishkek Airport's infrastructure, namely upgrade of the drop-off/pick-up lane, terminal extension and the construction of a parking lot.

Project Objectives

The Project will address the growing demand for good quality airport services in the Kyrgyz Republic. The Project is considered as an important step towards engaging in policy dialogue with the Kyrgyz authorities regarding the airport infrastructure development and "Open Skies" initiative.

Transition Impact

Transition impact is expected to be derived from the following:

  • The project will contribute to the competitive quality, through the introduction of revenue increase measures aimed at the improvement of profitability. The extension of commercial space, including the terminal extension with additional commercial space, a parking lot with card-based payments and upgrade of a car approach lane, will contribute to the improved non-aeronautical revenue. 
     
  • The introduction of the sector-wide master plan will also establish a strategic road map for future investments in the airport infrastructure, and contribute to higher capital expenditures focus and efficiency.
     
  • The project will also support the well-governed quality, through the introduction of certifications for occupational health and safety standards. The PSD will be updated prior to Board.

Client Information

INTERNATIONAL AIRPORT MANAS OJSC

MANAS INTERNATIONAL AIRPORT

JSC "Manas International Airport"

EBRD Finance Summary

USD 10,000,000.00

Total Project Cost

USD 15,000,000.00

The rest of the project costs would be funded from the Airport's internal cash balance.

Environmental and Social Summary

Categorised B. Environmental and social issues associated with the project include standard corporate and EHS construction risks for capital investments and can be readily identified and mitigated through appropriate measures based on the Environmental and Social Due Diligence (ESDD).

The ESDD will build upon the findings from the previous project. Specifically ESDD will also focus on terminal design specifications to ensure accessibility for people with disabilities. Operational safety management systems and their compliance with ICAO and EU safety and will be assessed as part of the E&S management review. Due diligence will also need to assess procedures and monitoring of occupational health and safety (OHS) issues by the Company and its contractors undertaking the expansion and construction works. The current Environmental and Social Action Plan will be updated and a Stakeholder Engagement Plan will also be developed for the project to address any required corrective, improvement and mitigation measures. The PSD will be updated prior to Board.

Technical Cooperation

The following Technical Co-operation assignments are envisaged as part of this project:

  • Technical Due Diligence - €43,478. Funding provided by the EBRD Shareholder Special Fund;
  • Environmental and social due diligence - €26,087. Funding provided by the EBRD Shareholder Special Fund.
  • Master Plan - €434,783. Funding provided by the EBRD Shareholder Special Fund.

Company Contact Information

Janyl Abikova
abikova.j@mail.ru
+996 312 898 749
www.airport.kg
Airport "Manas", 720062 Bishkek, Kyrgyz Republic

 

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