Russia: EBRD OKs USD 155 Million Credit for Modernization of Rosmorport’s Fleet

The European Bank for Reconstruction and Development (EBRD) has approved a $155 million credit to Rosmorport, the Bank said. The loan is granted for modernization of Rosmorport’s fleet of environmental service fleet; procurement of oil boom laying workboats, skimmers, vessels for collection of shipboard wastes, dredgers, and other equipment.

Categorised B in accordance with the EBRD Environmental and Social Policy, the Project will support Rosmorport in the upgrading of its environmental fleet through acquisition of oil spillage collecting vessels, bilge water collecting vessels, mark boats, seafloor maintenance/dredging vessels and other port related equipment. The implementation of the Project is expected to improve significantly the operational performance and environmental services provided by Rosmorport. The Project is associated with limited adverse environmental and social impacts, which are addressed through mitigation measures.

The Project will enable Rosmorport to improve and centralise the management of environmental protection services at the ports (waste management in particular). The seafloor maintenance vessels will help maintaining and improving navigation safety in the ports. Improved environmental services at ports will provide enhanced environmental risk mitigation and management to the benefit of all port and terminal operators and shipping companies.

[mappress]

Dredging Today Staff, November 24, 2011; Image: rosmorport