Early Warning System

Countries

Georgia

Geographic location where the impacts of the investment may be experienced.

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

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Transford LLC

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

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, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Other Related Projects

DFC-2019-PACETERMINALL PACE Terminal LLC

Primary Source

Original disclosure @ DFC website

Updated in EWS Sep 19, 2020

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank's website, the project provides financing to the Transford LLC to fund construction of a general cargo and container port on the Black Sea Coast immediately adjacent to the Port of Poti.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Transford LLC - was founded in 2010 by PACE International LLC and PACE Georgia LLC for the purposes rendering stevedoring and storing services (loading and unloading ships) in Poti Sea Port. Transford LLC is focused on Bulk Cargo handling activities and operates four berths 3, 4, 6 and 15 of the Poti Sea Port. The company has two subsidiaries including B&P LLC (80%) and Metalex Trans LLC (52.5%). In 2013 Transford LLC purchased Poti Shypyard Factory

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	PACE Group of Companies	Parent Company	-
-	-	-	-	Transford LLC	Client	-

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Transford LLC
Mr. Zviad Bzhalava
61 Agmashenebeli Street, Poti, Georgia
+999 493 278388