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
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
