Poti Port: Phase 1

Location:

Georgia

Project number:

39858

Business sector:

Transport

Notice type:

Private

Environmental category:

B

Target board date:

09 Feb 2010

Status:

Completed

PSD disclosed:

21 Oct 2009

Project Description

The EBRD is considering the financing of the rehabilitation of existing Berth 14 within the existing Poti sea port. This Berth will be rehabilitated for use as a container terminal. Funds will be used for dredging, paving and replacement of part of the top end of the quay, together with the purchase of mobile harbour cranes, reach stackers and an empty container handler.

Transition Impact

The project is expected to have a significant transition impact. In the first instance, private sector participation will allow funds to be mobilised to develop the new port, which could not be achieved by the public sector alone. The end result will be Georgia’s ability to maximise its potential as a transit country. Second, the private sponsor is providing a new and experienced management team together with training programmes facilitating the transfer and dispersion of skills. Finally, the sponsor has been tasked and is implementing measures to improve corporate governance at the Port.

The Client

The borrower is JSC Poti Sea Port Corporation, a private company which owns and operates Poti Sea Port.

EBRD Finance

EBRD will provide a senior loan of up to EUR 8 million for Phase 1 of the port development plan. The remaining project costs will be financed by the client.

Project Cost

EUR 10.1 million (for Phase 1).

Environmental Impact

The project was screened B under the Bank’s Environmental and Social Policy 2008. Environmental and social issues associated with the rehabilitation of Berth 14 and its operation thereof can be readily assessed and mitigated, while the site itself is not located in a sensitive environmental setting as it is within the boundaries of the existing Poti port.

Environmental and Social Due Diligence included a visit to the Project site by an EBRD environmental specialist, and was based on a 2009 Environmental and Social Impact Assessment required to meet Georgian requirements. Specific environmental investigations were also conducted in 2003 in relation to the Georgian permitting process associated with dredging.

The existing ESIA and EBRD’s due diligence confirms that there are no sensitive receptors in the vicinity of Berth 14. Anticipated impacts are mainly associated with dredging, dust related to loading and unloading of bulk cargoes, and potential spills from vessels or onshore operations. Main mitigation measures include (but are not limited to):

  • The preparation of a spill and emergency response plan
  • Treatment of waste and runoff water
  • Solid waste management
  • Dust management during on- and off-loading of bulk cargoes.
  • The development of an Environmental Management System in the perspective of certification.

An Environmental and Social Action Plan, including monitoring requirements, is being prepared to reflect mitigations and will be implemented by the Project sponsor.

 

Technical Cooperation

None.

Company Contact

APM Terminals Poti 
52, D. Aghmashenebeli Street, 
4401, Poti, Georgia 

Tel: +995 393 2 0660 
Fax: +995 393 2 0688 

E-mail: ceo@potiseaport.com 
Website: www.potiseaport.com

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.