Translated version of this PSD: Russian
The EBRD is considering providing an unsecured loan of up to USD 155 million (EUR 115 million equivalent) to the Federal State Unitary Enterprise “Rosmorport” to support the development of an environmental programme through financing the acquisition of bilge water collecting vessels, oil spillage collecting vessels, mark boats, seafloor maintenance/dredging vessels and other port related equipment.
Setting Standards of Corporate Governance and Business Conduct
The Project will support capacity building of Rosmorport with the aim of developing its corporate environmental and social policy, management systems and operational procedures in line with best international practice and enhancement of environmental, health and safety standards towards achievement of ISO 14001 and OHSAS 18001. In addition, the Project will support development of Rosmorport’s responsibilities in the area of provision of environmental services to the Russian seaports, related strategy, equipment requirements and operational models based on best applicable international practice.
The Project should not only influence the behaviour of private operators/stevedoring companies in the ports in adhering to best international practice with respect to environmental standards, but should also have a significant impact on the transport sector as a whole. The success of the Project could be replicated by similar Russian state agencies active in the transport sector in the Russian Federation (e.g. Inland Waterways), and potentially also by neighbouring countries.
Private Sector Participation
Ministry of Transport together with Rosmorport will set up a Working Group, where the Bank would be an active participant, and which would focus on improvement of concession policy in the port sector in line with best international practice. The Working Group is expected to start functioning in early 2012. Through the Working Group it is expected that a dedicated port concession toolkit would be developed with the help of consultants.
Rosmorport is a state-owned, Russian legal entity reporting to the Federal Agency for Maritime and River Transport. It was established in 2003 as a federal state unitary enterprise to manage and develop Russian federal sea port infrastructure and collect port dues.
An unsecured senior loan for up to USD 155 million (EUR 115 million equivalent).
USD 209 million (EUR 155 million equivalent).
Categorised B in accordance with the EBRD Environmental and Social Policy. The Project will support Rosmorport in the upgrading of its environmental fleet through acquisition of oil spillage collecting vessels, bilge water collecting vessels, mark boats, seafloor maintenance/dredging vessels and other port related equipment. The implementation of the Project is expected to improve significantly the operational performance and environmental services provided by Rosmorport. The Project is associated with limited adverse environmental and social impacts, which are addressed through mitigation measures.
The Project will enable Rosmorport to improve and centralise the management of environmental protection services at the ports (waste management in particular). The seafloor maintenance vessels will help maintaining and improving navigation safety in the ports. The improved environmental services at ports will provide enhanced environmental risk mitigation and management to the benefit of all port and terminal operators and shipping companies.
Environmental and social due diligence (ESDD) for the Project undertaken by independent consultants included a review of the Company's existing E&S management systems, E&S audit of some of the Company's existing facilities and operations as well as an environmental and social analysis of the Project. An Environmental and Social Action Plan (ESAP) has been developed to mitigate the identified E&S issues and impacts, and to bring the Project into compliance with the EBRD's PRs. The ESAP commits the Company to developing and implementing an Environmental, Social, Health and Safety management system and strengthening EHS management capacity, including amongst others: Contractor/ Supplier management and monitoring programme; Stakeholder Engagement Plan; Dredging Management Plan for maintenance dredging; Emergency Response Plan for all foreseeable types of major incidents/emergency situations; Waste Management Plan; and Biodiversity Management Plan; and monitoring plans for operational phases of the Project.
Two TCs have been developed by the EBRD to assist Rosmorport in developing its corporate environmental and social management systems and organisational structure in line with best applicable international standards. In addition, the TCs would assist Rosmorport in preparing a medium to long term strategy and action plan for strengthening its operational capacity, equipment and tools so as to become the key provider of environmental services to Russian seaports in accordance with international maritime environmental and safety standards in medium to long-term. The Bank will evaluate the Project’s environmental and social performance in accordance with the Bank’s PR’s through reviewing the Client's periodic reporting and monitoring visits.
The Project will be complemented by two TCs:
(i) Up to EUR 270,600 to assist Rosmorport in developing its environmental and social policy, management systems and operational procedures focused on improving its operational procedures and standards in line with best international practice and enhancement of Environmental Health and Safety Standards towards achievement of ISO 14001 and OHSAS 18001; and
(ii) Up to EUR 210,500 to support Rosmorport and the Ministry of Transport of the Russian Federation in preparation of the secondary legislation that will cover adequate environmental standards, set up monitoring system and design implementation tools in Russian ports.
For business opportunities or procurement, contact the client company.
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