Summary of Proposed Investment
Project Number
24638
Company Name
Eurosib Group
Date SPI Disclosed
Dec 27, 2005
Country
Russian Federation
Industry
Infrastructure
Projected Board Date
Feb 10, 2006
Status
Completed
Sector
Storage (Including Agricultural Products)
Department
Regional Industry INF LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Jun 22, 2006
Signed : Jun 22, 2006
Invested : Jul 14, 2006
Project Description
Eurosib group of companies (Eurosib of the Group) based in Saint Petersburg, offers transportation and logistics services to shippers of coal, steel, fertilizers, paper, lumber, containerized and other cargo within Russia and the former Soviet Union. With extensive rail transport operations throughout Russia, Eurosib’s main business is the operation of owned and leased rolling stock for the transportation of bulk goods and the provision of freight forwarding and logistics services.
The proposed investment consisting of loans of up to $47 million for the account of IFC and syndicated loans of up to $70 million would finance a part of the Group’s corporate investment program comprising the construction and operation of a network of six inland container-handling logistics terminals throughout Russia. This investment program is expected to be completed in 2008. This would be IFC’s second investment with the Group. IFC’s first loan of $30 million (Project #23270) was committed in FY2005.
The proposed investment consisting of loans of up to $47 million for the account of IFC and syndicated loans of up to $70 million would finance a part of the Group’s corporate investment program comprising the construction and operation of a network of six inland container-handling logistics terminals throughout Russia. This investment program is expected to be completed in 2008. This would be IFC’s second investment with the Group. IFC’s first loan of $30 million (Project #23270) was committed in FY2005.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Eurosib CJSC
4 Michurinskaya St.
St. Petersburg, 197046, Russia
Phone: +7 (812) 326-81-11
Fax: +7 (812) 326-81-28
e-mail: group@eurosibspb.ru
4 Michurinskaya St.
St. Petersburg, 197046, Russia
Phone: +7 (812) 326-81-11
Fax: +7 (812) 326-81-28
e-mail: group@eurosibspb.ru