PROJECT

Projects

Environmental Review Summary

Project Number

22552

Company Name

Brunswick Capital

Date ERS Disclosed

Nov 18, 2005

Country

Russian Federation

Region

Europe

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Dec 29, 2005
Signed : Dec 30, 2005
Invested : Mar 31, 2006

Sector

Rail Transportation

Industry

other

Department

Gbl Infrastructure & Natural Resources

Project Description

Brunswick Rail Leasing (BRL Russia or the company) is a Russian registered company formed in 2003 to provide railcar operating leases in Russia and neighboring broad gauge countries. BRL’s business model is based on acquiring railcars and leasing them to large industrial or transport companies on a long-term operating lease basis. The first stage of BRL’s operating plan consists of purchasing approximately 10,000 railcars for a total cost of $500 million to serve clients with whom BRL has signed lease agreements or is in contract negotiations (the “Project”). At the end of September 2005, BRL had purchased 3,060 railcars through the capital provided by its shareholders and is now seeking debt financing to fund the remainder of the project.

Environmental and Social

Conclusion & Monitoring