Translated version of this PSD: Russian
The EBRD is considering to support Coca-Cola Icecek (“CCI”), the fifth-largest bottler in the Coca-Cola system that sells beverages of The Coca-Cola Company across Turkey, Azerbaijan, Central Asia and Middle East, in its expansion in Tajikistan by providing a long-term loan of up to EUR 45 million to Coca-Cola Beverages Tajikistan (the “Company” or “CCBT”). The loan will finance capital expenditures related to the construction of a green-field soft drinks bottling plant in Dushanbe, Tajikistan (the “Project”).
The expected transition impact of the Project will stem from market expansion through forward and backward linkages by supporting and developing local suppliers and distributors.
Coca-Cola Beverages Tajikistan, a company incorporated under the laws of Tajikistan and 100% directly owned by CCI. CCI is a publicly traded Turkish Company and owns 23 production facilities with operations in 10 countries, including Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq and as well as exports to Tajikistan and Syria.
Up to EUR 45 million loan for the account of EBRD
EUR 90 million
Environmental and social categorisation, impact, and mitigation
The construction of a green-field soft drinks bottling plant is not associated with significant negative environmental or social impacts and any impacts there are will be site specific and readily mitigated with appropriate measures. As a branded supplier of Coca Cola products, CCBT is required to comply with The Coca Cola Company’s sustainability requirements. As such, CCTB will be required to implement the Coca Cola Operating Requirements System (‘KORE’) which covers a range of issues, including product quality, environmental standards, occupational health and safety (OHS) and community issues. Through implementation of these standards it is expected that CCTB will be able to effectively manage environmental and social (E&S) issues associated with its operations. The Company has received the permissions required under national law to construct and operate the plant. Under Coca Cola requirements newly built facilities must have a HACCP plan and implement management systems in place by start-up and obtain certification/accreditation twelve months after start-up. Certifications include IOS 9001, ISO 14001, and OHSS 18001. All required utilities are in place including supply of natural gas and potable water from both the municipal system and wells. The Company will also install waste water treatment facilities for both domestic and process waste waters. The KORE operating system to be put in place meets the Bank's PRs and, given also the design of the facility, it is decided that no ESAP is required for this operation. The Company will be required to provide annual environmental and social reports to the Bank on operations and compliance with the PRs.
Çiğdem Güres Erden
Coca-Cola İçecek Anonim Şirketi
Tel: +90 (216) 528 4490
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