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 3 laichanrasti 3 laichanrasti Presentation Transcript

  • The Seventh Annual International Conference Odessa, Ukraine 2-3 June 2011 Overview of EBRD and the Transport Sector Presentation by Lai Chan Rasti Senior Banker Transport Team
  • Contents
    • EBRD today
    • EBRD portfolio and distribution
    • Transport : Business Scope
    • What can EBRD do for the Sector
    • Transport : Financing Products
    • Showcase Maritime Transport Projects in Ukraine
    • EBRD Operating Principles in the Transport Sector
  • EBRD today
    • AAA multilateral development bank established in 1991
    • Promoting market reforms and entrepreneurship in 30 countries from Central Europe to Central Asia
    Net cumulative business volume Annual business volume EUR billion
  • Strong growth
    • Largest investor in Eastern Europe and the former Soviet Union
    • € 59bn of own funds committed, 3200 projects
    • Mobilisation of twice that amount
    • Equity capital : €30bn
    Cumulative commitments €59billion 2010 Unaudited
  • EBRD Portfolio Distribution Central Europe + Baltics 10% advanced Central Asia 10% early South Eastern Europe 30% and Eastern Europe + Caucasus 24% intermediate Russia 19% Russia Turkey 7% Turkey
  • High level of engagement in Ukraine
    • Since 1991, the has EBRD provided EUR 6.4 billion in financing
    • for 264 projects in Ukraine
  • Transport: Business Scope
      • Construction of Highways,
      • operation and maintenance,
      • toll roads, logistics …
      • Railway infrastructure,
      • Freight, Passenger rail,
      • inter-modal transport, logistics…
    Roads Rail Aviation
      • Airport development,
      • aircraft leasing, air cargo,
      • air traffic control systems...
    Maritime
      • Port infrastructure (berth,
      • breakwater) superstructure,
      • shipping, stevedoring...
  • Transport Portfolio: Net Cumulative Volume By Sub-sector Net Cumulative Business Volume of € 8.2bn - 194 projects Rail & Intermodal – 36% 53 projects Ports & Shipping – 9% 43 projects Aviation – 7% 35 projects Roads – 48% 63 projects As at 31 December 2010
  • What can EBRD do in the Sector?
    • EBRD finances up to 35% of project cost and can syndicate the rest on 70:30 Debt to Equity basis
    • Long maturities possible (5-10-15 years)
    • Risk taking: subordinated debt for instance
    • Equity participations allow to share upsides and downsides (min EURO 5 million or max 25%)
  • Transport: Financing Products
    • Sovereign or sovereign guaranteed loans
    • Sub-sovereign - loans to state owned companies with no sovereign recourse
    • Commercial loans to private sector companies
    • PPP financing, debt or equity
    • Infrastructure Funds
    • Equity participation, including IPO and JVs
    • Bond participation
  • Showcase Maritime Transport Projects in Ukraine Project Portfolio Class Total Project Value EBRD Finance Purpose Illichivsk Sea Commercial Port Infrastructure Dev. State € 42.4m € 26.0m Port Infrastructure Development Euroterminal Odessa Project Private € 31.9m € 12.1m Construction of a Logistics Service Centre Ukrrichflot Private € 30.0m € 7.0m Acquisition of dry cargo vessels Black Sea Shipping Management Co. Ltd (BSSM) Private € 22.9m € 8.0m Acquisition of dry cargo vessels Yugeftransflot (YTF) Private € 33.7m € 10.1m Acquisition of dry cargo vessels Total € 160.9 € 63.3m
  • Illichvsk Commercial Sea Port
    • Sovereign guaranteed EUR 26m loan to finance infrastructure development such as berth construction and modernisation of handling facilities
    • 15 year term
    • Help develop major container handling facility – remove transport bottleneck in the Black Sea
    • Promote market based behaviour in selection and monitoring of operators and adoption of business planning
  • Euroterminal Odessa Project, Ukraine
    • A USD 27 million loan to Euroterminal LLC, the private operator of the container logistics centre
    • Proceeds finance on-shore container logistics facilities, including truck parking, container storage depot and custom terminal ‘dry port’
    • The Project is the first integrated logistics centre in Ukraine, built specifically for the purpose of processing containers on shore, thus linking container service in the area of Odessa Commercial Seaport
    • EBRD funding contributes to improvements in the efficiency of container handling operations and promote the development of the inland infrastructure in the Port of Odessa .
  • Black Sea Shipping Management (BSSM)
    • A USD 20 million loan to Black Sea Shipping Management Company for the construction of five dry cargo vessels
    • Privately owned BSSM manages a fleet of shallow draft dry cargo vessels out of its Odessa offices, providing freight services in the Black Sea, Azov Sea and the Mediterranean
    • The vessels contribute to the modernisation of the fleet operating in the regional short-sea market, which is still dominated by over-aged vessel
    • The Bank is supporting the implementation of modern management,safety and environmental standards in line with international best practice
  • Transport: Principles & Policies
    • Sound banking principles: project has to be creditworthy
    • Promoting open, transparent, competitive environment
    • Compliance with Procurement Policy/Concession Policy
    • Integrity: mitigating reputational risk
    • Compliance with EBRD Environmental & Social Policy
    • Supporting Sustainable Energy Initiative
  • Thank you for your attention !
    • We look forward to working with you.
  • Contacts EBRD Project Enquiries Tel: +44 20 7338 6282 Fax: +44 20 7338 6102 Web site: www.ebrd.com Sue Barrett, Director, Transport Team +44 20 7338 6874 [email_address] Lai Chan Rasti, Senior Banker, Transport Team +44 20 7338 7529 [email_address]