Multi-Vendor Leasing Framework

Location:

Russia

Project number:

35348

Business sector:

Manufacturing and Services

Notice type:

Private

Environmental category:

FI

Target board date:

11 Jul 2006

Status:

Cancelled

PSD disclosed:

11 May 2006

Project Description

The proposed project establishes a USD 60 million leasing framework in the Russian Federation to finance leases of equipment manufactured by reputable international vendors of good standing. The Bank will cover 33% of the risk and funding in each individual lease, up to USD 20 million in aggregate. OOO Raiffeisen Leasing Moscow will act as the Lessor under the framework.

Transition Impact

The project will help advance technological and skill modernisation and efficiency improvements in key sectors of the economy. The main transition impact of the project derives from the provision of financing to small and medium sized companies, which lack access to affordable financing.

The Client

Eligible Russian companies engaged in modernisation.

EBRD Finance

USD 20 million to finance projects under the leasing facility.

Project Cost

USD 60 million.

Environmental Impact

Screened FI. Environmental risks associated with the proposed operation will be mitigated by the small and medium size of the Lessees operations, and the familiarity of OOO Raiffeisen Leasing (the Lessor) with EBRD’s Environmental Procedures for Leasing as well as by the adherence to internationally recognised standards of operator safety and environmental responsibility of the reputable international Vendors. OOO Raiffeisen Leasing will be required to comply with EBRD’s Environmental Procedures for Leasing including adherence to the Bank’s Environmental Exclusion and Referral List, compliance with the applicable Russian environmental, health and safety requirements and submission of an annual environmental report to the Bank.

Technical Cooperation

None.

Company Contact

Galina Kostyleva, Managing director
OOO Raiffeisen Leasing

Tel: +7 495 721 99 80
Fax: +7 495 721 95 72

Email: gkostyleva@raiffeisen.ru

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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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.