DFF - Bir Dunya 2 (EBRD-50806)

Countries
  • Turkmenistan
Where the impacts of the investment may be experienced.
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
Nov 10, 2020
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
BIR DUNYA ES
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Industry and Trade
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)
$ 1.40 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)
$ 9.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Other Related Projects
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 23, 2021

Disclosed by Bank Nov 17, 2020


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Project Description

According to the Bank's website, the project provides funding to the Economic Society Bir Dunya to finance the the expansion of the existing production of Big Bags through the purchase of additional equipment.

Project Objectives

The loan will finance working capital needs and allow the company to purchase and install ventilation and air conditioning equipment in the production facility and the administrative building.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors

 

Economic Society Bir Dunya is a limited liability company established and operating in Turkmenistan, is one of the leading logistics and transportation companies in the country. The Company provides logistics and transport services to local and foreign companies transporting cargo and trade products to and from Turkmenistan via the Caspian Sea, Central Asia, Persian Gulf and other regions, as well as within the country. In 2017, the Company added Big Bags ("BB") production to its business activities with a maximum effective capacity of 300,000 units per year.

Contact Information

PEOJECT CONTACT INFORMATION

Not available at the time of disclosure. 

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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