Translated versio of this PSD: Ukrainian
The EBRD is considering a long-term loan of up to USD 40 million to GNT Group of companies ("GNT") in order to finance the expansion of the throughput capacity of its existing grain terminal in the port of Odessa.
The project will increase the grain throughput and storage capacity at GNT's port terminal. Moreover, by expanding the presence of modern terminal facilities such as this one, the project will also benefit Ukraine's agricultural exports sector.
The Transition Impact potential of the proposed project is expected to stem from two main categories: (i) expansion of competitive market interactions in the port industry of Ukraine, as well as through backward linkages to grain suppliers and forward linkages to customers; and (ii) setting standards for corporate governance and business conduct.
GN TERMINAL ENTERPRISES LTD
GNT is an integrated grain supply chain and export logistics group operating in the port of Odessa, Ukraine. Its operations consolidate trading business and grain terminal operations in Odessa.
EBRD Finance Summary
Up to USD 40 million senior secured loan.
Total Project Cost
USD 69.3 million
Environmental and Social Summary
The proposed project has been categorised B in accordance with the 2014 EBRD Environmental and Social (E&S) Policy, as the potential impacts are expected to be site specific and readily identifiable and addressed through mitigation measures.
The environmental and social due diligence for the project, which is ongoing, includes an environmental and social audit to assess the Client's management capacity and systems to manage environment, health, safety and labour issues in its operations and an analysis of the potential (future) E&S impacts and benefits. It will also assess the Client's ability to carry out the Project in compliance with the Bank's Performance Requirements.
An Environmental and Social Action Plan (ESAP) will be prepared for the project, and a Stakeholder Engagement Plan will be developed that will include a grievance mechanism and information on environmental and social performance and a summary of the agreed Action Plan will be released to stakeholders.
This PSD will be updated when the results of due diligence are known.
The project will have a Technical Cooperation component under the Energy Audits Programme, funded by the Central European Initiative. The audit will assess the benefits of the project in terms of reduced energy and resource use and reduced environmental impact along the grain supply chain, including suggesting feasible alternatives to reduce energy and resource consumption and minimize environmental impact on climate change.
Company Contact Information
+971 (4) 551 6707
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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.