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Developing Euro-Asian Transport Linkages

Developing Euro-Asian Transport Linkages. Christopher Ousey, Senior Banker, Infrastructure Business Group, EBRD Almaty 9 March 2004. 1. EBRD’s Priorities. Establishing Articles require the Bank to promote: the transition towards open market-orientated economies

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Developing Euro-Asian Transport Linkages

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  1. Developing Euro-Asian Transport Linkages Christopher Ousey, Senior Banker, Infrastructure Business Group, EBRD Almaty 9 March 2004

  2. 1. EBRD’s Priorities • Establishing Articles require the Bank to promote: • the transition towards open market-orientated economies • private and entrepreneurial initiative • improved investment climate • good corporate governance • environmentally sound and sustainable development

  3. 1. EBRD’s Priorities EBRD is not a policy-driven lender EBRD must above all be convinced there is a good business case for a project in which it will invest

  4. 1. EBRD’s Priorities • EBRD’s projects are typically focussed on only one country • EBRD may finance one link in a larger transport chain … • but there must be a good business case for the project on a “stand-alone” basis.

  5. 2. EBRD and the transport Sector So EBRD can contribute to building improved transport linkages by: • providing finance for projects with a good business case • helping to promote transition at a sector level.

  6. 1. EBRD’s Priorities Transition impact, eg: 1 Greater competition in the project sector 2 More widespread private ownership 3 Institutions, laws and policies that promote market functioning and efficiency 4 Standards for corporate governance and business conduct

  7. 2. EBRD and the transport Sector EBRD provides a range of financial products: Debt Equity Guarantees Treasury

  8. 2. EBRD and the transport Sector Debt Sovereign senior debt for infrastructure & rehabilitation & pre privatisation costs Public Sector non-sovereign guaranteed senior debt for public sector entities with adequate revenue flows and balance sheets. New infrastructure, rehabilitation and pre-privatisation costs Senior debt to the Private Sector for transport-related commercial development. Debt finance for acquisition of businesses to be privatised. Subordinated debt Sovereign Private Sector

  9. 3. What does EBRD need to be able to fund a project? Public Sector • Transition Rationale • Procurement in line with EBRD’s guidelines • Environmental impact assessment • Business plan

  10. 3. What does EBRD need to be able to fund a project? Private Sector • Sound Financial Projections & Business Plan • Solid contractual framework • Demonstrable transition impact • Sound environmental basis

  11. Main contacts Christopher Ousey, Senior Banker +7 3172 580204 ouseyc@ebrd.com Riccardo Puliti, Team Leader +44 20 7338 7379 pulitir@ebrd.com EBRD Project Enquiries Tel: +44 20 7338 6282 Fax: +44 20 7338 6102 Web site: www.ebrd.com

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