SC Georgian Railway Green Bond (EBRD-52549)

Countries
  • Georgia
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
Active
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
Jun 9, 2021
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
JSC Georgian Railway
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 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)
$ 500.00 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 @ EBRD website

Updated in EWS Jun 27, 2021

Disclosed by Bank Jun 23, 2021


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Project Description

According to the Bank's website, the project is a Eurobond issued by the JSC Georgian Railway to refinance the Company's existing bond issued in 2012 and to finance remaining capital expenditures necessary to complete the ongoing Railway Modernisation Project. 

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

JSC Georgian Railway is Georgia's national state-owned railway company, providing freight and passenger transportation services and managing railway infrastructure. The sole shareholder of the Company is JSC Partnership Fund, a national investment fund formed in 2011 and 100 per cent owned by the Government of Georgia.

Contact Information

PROJECT CONTACT INFORMATION

Irine Khizanishvili
irine.Khizanishvili@railway.ge
+995 32 219 95 73; +995 577 761 516
www.railway.ge
15, Tamar Mepe Ave, 0102, Tbilisi, Georgia

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