UCLP Energy Efficiency Loan

cancelled

Transalted version of this PSD: Russian The EBRD is considering a Senior Loan of up to USD 80 million to the JSC “Sea Port of Sankt-Petersburg” (SPSP), a subsidiary of UCL Port B.V. (‘UCL Port’ – the Sponsor of the Project). The Bank’s loan will finance the implementation of UCL Port’s energy efficiency investment programme across its port operating companies: SPSP; LLC “Multipurpose Reloading Complex”, Ust-Luga; JSC “Tuapse commercial sea port”; JSC “Taganrog Commercial Sea Port”; and JSC “Container Terminal Saint–Petersburg”. The energy efficiency investment programme of UCL Port will not only enhance the efficient use of energy - thereby lowering operating costs - and reduce carbon emissions, it will also help operating companies in becoming an environmentally sensitive port operators, with a higher social responsibility. The Project’s transition impact is based on the following key aspects: The Borrower is JSC “Sea Port of Sankt-Petersburg” (‘SPSP’), a subsidiary of UCL Port B.V., the direct holding company which owns and controls all the port assets of Universal Cargo Logistics Holding B.V. (‘UCL Holding’), the ultimate parent company. A Senior Loan of up to USD 80 million to SPSP. The loan will be provided in two tranches of USD 22 million and USD 58 million respectively. USD 130 million. The Project has been categorised B under the EBRD Environmental and Social Policy. The environmental and social due diligence (ESDD) consists of an energy, environmental and social assessment of UCL Port’s operations, which is being undertaken by independent consultants. The ESDD has assessed the companies’ current corporate policies, procedures, practices and management systems as well as potential risks associated with its assets and operations. UCL Port has identified energy efficiency as a strategic area for reducing operational costs and improving quality and reliability of service of its port operations. The ESDD will support UCL Port in identifying further opportunities for improving its management practices as well as sustainable and more efficient use of natural resources (namely energy and water) at its terminal operations. UCL Port is committed to developing its corporate management systems to avoid significant environmental and social impacts from its operations and implementing good international environmental and social management practices. This section will be updated upon completion of the ESDD to summarise the key findings and conclusions of the assessments, the environmental and social action plan (ESAP). Energy Assessment of the terminals, provided under the Sustainable Transport Technical Assistance Programme. Mr Andrey Gorlenko Transport Asset Management 8, the 4th Dobryninsky Lane, 119049 Moscow, Russia E-mail: a.gorlenko@tamcom.ru Tel; +7 (495) 933 06 09 (ext. 106)