Multi-Vendor Leasing Framework

Location:

Russia

Project number:

35348

Business sector:

Manufacturing and Services

Notice type:

Private

Environmental category:

FI

Approval 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

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. 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 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 how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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