PACE Terminal LLC (DFC-2019-PACETERMINALL)

Countries
  • Georgia
Where the impacts of the investment may be experienced.
Specific Location
Poti
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Pace Terminal LLC; Transford LLC
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 93.83 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Sep 19, 2020


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Project Description

According to the Bank's website, the project provides financing to the Pace Terminal and Transford to fund the development of a dry cargo terminal and update the exisiting port infrastructure in Poti.  

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors

Pace Terminal LLC – owned 75% by Pace Georgia, the company owns a terminal on the territory of the former Poti Shipyard Factory. The terminal contains 2 berths total length of about 500m, abt 100,000 sq. m of open storage area and 12500 sq. m of closed warehouses. It has a direct road and rail access and equipped with all necessary equipment to handle bulk, break bulk cargos and containers.

Contact Information

No contact information is disclosed on the Bank's website