Ukrrichflot

Location:

Ukraine

Project number:

2224

Business sector:

Transport

Notice type:

Private

Environmental category:

B

Target board date:

25 Jul 1995

Status:

Completed

PSD disclosed:

04 Aug 2000

Project Description

Long-term syndicated debt facility to finance the acquisition of seven new general cargo vessels from Romania.

The project aims to finance the acquisition of seven new general cargo vessels to support the modernisation of Ukrrichflot’s fleet.

 

Transition Impact

The project is expected to facilitate Ukrainian exports and inter-regional trade.

The Client

Ukrrichflot is a major Ukrainian shipping company operating in the river-sea and short-sea markets carrying dry cargoes.

EBRD Finance

Long-term syndicated debt facility of US$ 17.12 million (€18.35 million).

Project Cost

US$ 45.60 million (€48.87million).

Environmental Impact

The project was screened B/0, requiring an environmental analysis. For the existing facility, an environmental report was prepared following an audit of the six collateral ships mortgaged to the EBRD. The report confirmed the company’s compliance with national requirements and international conventions, and the audit confirmed that the collateral ships complied with the requirements of class. Subsequent annual environmental reports have confirmed the company’s continuing compliance with national and international requirements. For the new facility, the Bank will, as previously, require independent confirmation that the collateral vessels offered meet national and international requirements for environment, health and safety. The company will continue to submit annual environmental reports to the EBRD.

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

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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.