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Transbalkan I

Ukraine | Utilities

Identification Code:: OP/99/0009
Total Operation Cost:: 78.000.000 USD
Maturity:: 144 months
Operation Status:: BSTDB Approved Amount – Approval Date

12.000.000 USD – 19 Nov 1999
: BSTDB Signed Amount – Signed Date

12.000.000 USD – 20 Dec 1999
: Status:
Completed
Description and Purpose of the Operation:: Construction of a new compressor on the existing Ananyev-Izmail gas pipeline at Tarutino. The compressor station will increase the quantity of gas available at the Romanian border by 3.8 bcma. The project is the first phase of a programme that will increase the delivery of Russian gas to Turkey and other south European countries.
Countries of Operation:: Ukraine (100,00%)
Financial Product:: Loans
Sector:: Utilities
Domain:: Private
Borrower/Client:: Closed Joint Stock Company "GASTRANSIT", a limited liability company established by Gazprom, Ukrgazprom, Turusgas and Transbalkan as shareholders for the sole purpose to implement the project.
Co-Financers/Participants:: This operation is structured by the European Bank for Reconstruction and Development (EBRD)
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: The operation is in line with the mandate of BSTDB to finance projects with a strong co-operation impact, promoting complementarities and synergies among the member states. As a first step, it will increase the transit capacity of the southern Ukrainian system. The project will allow better exploitation of the idle capacity in the existing pipeline crossing Romania and Bulgaria.
Environmental Classification and Impact:: No negative impact. The project is in compliance with the Ukrainian environmental regulations, as well as the existing EU and WB environmental standards.
Operation Leader:: Energy & Infrastructure
E-mail:: ei@bstdb.org