Post Privatisation Support Loan

Location:

Russia

Project number:

3771

Business sector:

Manufacturing and Services

Notice type:

Public

Environmental category:

C

Target board date:

17 Dec 1996

Status:

Completed

PSD disclosed:

18 Oct 1996

Project Description

The Post-Privatisation Support Loan is a technical assistance loan granted to the Russian Federation to implement specific programmes related to economic reforms.

The project will fund:

enterprise restructuring US$ 12.6 million
improvement in corporate governance US$ 6.4 million
investment promotion US$ 8.6 million
other US$ 0.9 million.

Transition Impact

The project will have a strong transition impact in assisting Russian enterprises in restructuring, improve corporate governance standards and attract foreign capital.

The Client

The loan is granted to the Russian Federation and is implemented by the Russian Privatisation Centre, a non-profit organisation established in Russia.

EBRD Finance

Sovereign loan of US$ 28.5 million (equivalent to ECU 22.7 million).

Project Cost

Total projects to be funded amount to US$ 28.5 million (equivalent to ECU 22.7 million).

Environmental Impact

The Post-Privatisation Support Loan will provide funds for enterprise restructuring, investment promotion and improvement of corporate governance. The Russian Privatisation Centre (RPC) in Moscow and 26 individual regional representatives provide an advisory service to enterprises and the government on issues related to privatisation, restructuring and information for strategic investors. The RPC has developed a set of environmental procedures in which each sub-project is reviewed for potential environmental issues. Environmental studies will be financed under the project to assist advisors working on restructuring enterprises, providing information for potential strategic investors, helping companies to summarise the environmental status of their enterprise, and to identify environmental opportunities for significant cost savings in areas such as energy efficiency and waste reduction. A significant amount of the project will be implemented through the TurnAround Management Programme (TAM). TAM advisers and the RPC staff have received training on environmental issues, defining studies, and how to incorporate results into projects. The Bank will receive routine reports on how the environmental requirements are being implemented.

Technical Cooperation

While the project is a technical cooperation loan, there is no other specific technical cooperation funding attached to it.

 

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

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.