Kaluga Industrial Park

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Translated version of this PSD: Ukrainian The proposed project involves financing to build and operate a Class A built-to-suit industrial facility of 28,700 sq.m. near the Volkswagen plant in Kaluga Region to be let to Volkswagen and its 3 automotive parts suppliers. OOO A-Park, a special purpose limited liability company incorporated in Russia. The Borrower is jointly owned by a pool of private investors from Russia, Greece and Portugal who have previous experience in development of logistics parks in Russia, as well as by OAO Kaluga Regional Development Corporation founded by the government of Kaluga Region, Black Sea Trade Development Bank and EBRD. The Bank financing will consist of a senior loan of EUR 6.7 million and an equity investment of EUR 1.8 million. The Bank financing is in parallel with, and on the same terms as those of the Black Sea Trade Development Bank. EUR 22.2 million Screened B. The environmental due diligence included a review of the completed Environmental and Social Questionnaire, energy efficiency review and follow-up communication with the sponsor. The Bank's Environmental Specialist also carried out a site visit and met with the Developer's representatives in Kaluga. Extensive environmental due diligence was also carried out on the original Bank financed Volkswagen project which is located within the Grabtsevo Industrial Park, along with a number of annual monitoring visits. All of the reviews confirmed that the project was developed and constructed in accordance with relevant national law and there are no significant environmental issues to prevent the project's further development. Espro's commitment to environmental and social sustainability is provided through disclosure of its E&S practices on the website. Espro Company is a member of U.S. Green Building Council international organisation and work with consultants for BREEAM certification is in progress. BREEAM (BRE Environmental Assessment Method) is the leading and most widely used environmental assessment method for buildings. To enhance disclosure practices of E&S aspects of the Kaluga Industrial Park project, the developer will arrange local disclosure of the project E&S information to the nearest communities; publish an E&S summary of the project on the developer’s web-site http://espro.ru/, and make hard copies available at Moscow office and Kaluga site. None. Panenkov Evgeny E-mail: panenkov@espro.ru Tel. +7 (495) 797-93-53, fax +7 (495) 637-50-36