Trans-Oil Grain Commodity Facility

Location:

Moldova

Project number:

45516

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

C

Approval date:

23 Jul 2013

Status:

Complete

PSD disclosed:

20 Jun 2013

Translated version of this PSD: Moldavian

Project Description

The EBRD is considering a working capital (WC) facility of up to USD 25m for Trans-Oil Group in Moldova to support the consolidation and further expansion of soft commodity trading and edible oil production activities of the company.

Transition Impact

Transition impact will derive from:

(i) market expansion through backward linkages to local farmers;
(ii) skills and transfer knowledge
(iii) demonstration of international procurement standards in Moldova.

The Client

Trans-Oil Group (“Trans-Oil” or the “Group”), the largest soft commodity trader and edible oil producer in Moldova.
The group operates an extensive network of grain warehouses, oilseed crushing facilities and a grain port terminal on the Danube.

EBRD Finance

USD 25 million, revolving working capital facility secured by agricultural commodities.

Project Cost

USD 45 million.

Environmental Impact

Categorised C. The use of working capital finance for the purchase of soft commodities is not associated with significant environmental and social impacts. In the context of the recently proposed equity investment in the Company the EBRD conducted comprehensive environmental and social due diligence utilising independent specialist consultants.

Through this study a number of a number of E&S issues were identified and an E&S Action Plan (ESAP) prepared and agreed with the Client. The ESAP includes measures on establishing adequate environmental, health and safety management systems, improvements of corporate CSR and HR policies and practices, grievance mechanism for workers and third parties, hazardous materials handling, food hygiene and quality testing.

The Company also agreed to apply the recommendations of a dust explosion assessment carried out separately by other technical consultants. The ESAP remains valid for this project and will be ported across to the new agreements with the Company. The Company will be required to comply with the Bank's PRs provide annual reporting on environmental and social issues and progress made in implementing the ESAP

Technical Cooperation

None.

Company Contact

Vladimir Savic, savicv@ebrd.com

 

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

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.

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