SIROCCO AEROSPACE

Location:

Russia

Project number:

25158

Business sector:

Manufacturing and Services

Notice type:

Private

Environmental category:

C

Target board date:

17 Dec 2002

Status:

Complete

PSD disclosed:

22 Nov 2002

Project Description

Proposed financing of the manufacture of the Tupolev 204-120 aircraft (Tupolev 204, equipped with Rolls Royce Engines and Honeywell navigation equipment) at Aviastar, an aircraft manufacturing facility based in Ulyanovsk. The objective is to assist in the restructuring and development of the Russian aerospace industry through the involvement of Sirocco Aerospace International, which will develop export sales of the Tu 204-120 and provide investments in the Russian supplier.

Transition Impact

The project will support the restructuring of the Russian aerospace industry and the transition of Aviastar to market-oriented practices, as its export and domestic sales expand.

The Client

Sirocco Aerospace Russia, a company set up by Sirocco Aerospace International, an Egyptian Company with interest in the Aerospace sector. Sirocco Aerospace International has concluded a number of aircraft sale agreements of the cargo version of the Tu204. Sirocco has signed contracts for five cargo models from two Chinese airlines plus options for a further ten.

EBRD Finance

US$ 50 million

Project Cost

US$ 150 million

Environmental Impact

The project was screened C/1. An Environmental Audit of Aviastar, the aircraft manufacturer, has been carried out by international consultants. The investigations showed that Aviastar is generally in compliance with relevant Russian EHS regulations and that there are no known areas of soil and groundwater contamination at or near the site. The investigations also confirmed that the new aircraft has been designed to meet international (ICAO and Joint Civil Aviation Authorities) standards for aircraft noise and engine emissions. Based on the findings of the Audit, an Environmental Action Plan (EAP) has been developed. The EAP includes measures for enhancing energy efficiency, reducing water consumption, developing an environmental management system as well as for improving occupational health and safety.

Technical Cooperation

None.

Company Contact

Sirocco Aerospace International
Tel: +44 207 204 0120
 

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.