Financed ProjectsKaluga Industrial Park Loan & Equity

Identification Code:

OP/09/0762

Total Operation Cost:

22.490.000

Maturity:

132 months

Operation Status:

Description and Purpose of the Operation:

Provision of senior debt and equity financing to OOO "A-Park" - a Project Company established for the purpose of construction and operation of an international standard warehouse and office complex in Kaluga Region, Russia.

Countries of Operation:

Russia (100,00 %)

Financial Product:

Loans,Equity Investments

Sector:

Real Estate

Domain:

Private

Borrower/Client:

JSC Kulon Yugros is the Project Company established in Russia. The Borrower is owned by Lifetime Edem Ltd, KRDC, EBRD & BSTDB.

Co-Financiers/Participants:

EBRD

Guarantors/Sponsors:

Aldama Ltd and KRDC

Developmental and Regional Cooperation Impact:

The Operation promotes cooperation between BSTDB countries - since it is designed to improve warehousing and handling infrastructure supporting trade and increasing the commercial activities between these countries. It will also contribute to enhancement of the competition in the market bringing benefit to the clients and finally it will support the creation of new jobs.

Environmental Classification and Impact (summary):

Screened as category B. Environmental Assessment concludes that Environmental, Health and Safety (EH&S) impacts associated with the project are minimal, site specific and can be readily mitigated. The project was developed and is being implemented in line with relevant national legislation with regard to building norms, fire safety, energy efficiency and environmental protection.

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org