Oskemen city public transport modernisation (EBRD-48672)

Countries
  • Kazakhstan
Where the impacts of the investment may be experienced.
Specific Location
Oskemen
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
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
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.
Voting Date
Sep 5, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
TRANSPORTNAYA KOMPANIYA GORODA UST-KAMENOGORSKA
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 10.27 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported KZT 3,500,000,000.00
Converted using 2018-06-20 exchange rate.
Project Cost (USD)
$ 14.67 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported KZT 5,000,000,000.00
Converted using 2018-06-20 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 28, 2019

Disclosed by Bank Jun 20, 2018


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Project Description

This project provides financing to LLP Transportnaya Kompaniya Goroda Ust'-Kamenogorska for the procurement of up to 85 new diesel buses in the city of Oskemen, East Kazakhstan Oblast. 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
  • LLP Transportnaya Kompaniya Goroda Ust'-Kamenogorska -- Implementing Company

LLP Transportnaya Kompaniya Goroda Ust'-Kamenogorska is a municipal transport assets holding company, 100% municipally owned by the City Akimat. 

Contact Information

Ernar Mustafin
too_cupp@mail.ru
27 Kazakhstan Str., Oskemen, East Kazakhstan Region, Kazakhstan.

ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.