TALLINN AIRPORT LOAN

Location:

Estonia

Project number:

27969

Business sector:

Transport

Notice type:

Public

Environmental category:

C

Approval date:

08 Oct 2002

Status:

Completed

PSD disclosed:

24 May 2002

Project Description

EUR 7.5 million to refinance existing EBRD USD-nominated sovereign guaranteed loan with a corporate facility without sovereign guarantee. The purpose of the proposed corporate loan is to refinance the existing EBRD sovereign guaranteed loan with corporate facility not guaranteed by the sovereign and extend its maturity to strengthen the cash flow needed to support the Company’s further investment programme.

Transition Impact

The project will contribute to the transition process by:
  • Financing public entities without sovereign guarantee; and
 
  • Supporting the Company in implementing its investment programme, including the investments required to comply with the EU requirements.

The Client

AS Tallinn Airport (the "Company") – a state-owned joint-stock company incorporated under the laws of the Republic of Estonia. The Company owns and operates the airport of Tallinn, the only international airport in Estonia.

EBRD Finance

EUR 7.5 million senior loan.

Project Cost

EUR 7.5 million.

Environmental Impact

Screened C/0 based on the assumption that loan maturity extension does not lead to any new projects to be carried out under this loan.

Technical Cooperation

None.
 

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

Share this page: