|Title:||Illichevsk Port Modernisation Project - Assistance with Preparation for Project Preview |
|Dates: ||October, 2003 - January, 2004|
The EBRD was considering providing a loan to the Merchant Port of Illichevsk for the purpose of financing infrastructure reconstruction, modernisation of handling equipment and dredging works in order to increase the operational reliability and efficiency of the portĂ˘â‚¬â„˘s services.
Corporate Solutions carried out a due diligence review to assess the technical and financial viability of the project and the long term viability of the Port. This included market, financial, environmental and institutional analysis and technical assessment.
- Assess the Port's competitive position, identify the main competitors to the Port, determine its current and potential competitive advantages and disadvantages, review traffic going through the Port, identify and outline possible future trends
Prepare preliminary traffic forecasts for different types of commodities and discussed these with the management of the Port
Review the Port's tariff policy in order to ascertain the way tariffs are presently set and how tariff levels may change in the future
Conduct preliminary financial analysis to evaluate whether the Port can service a loan of 20M USD and proposed further work necessary to produce 15-year financial projections as part of the full Review
Assess the technical feasibility of the proposed rehabilitation Project and prepare estimates of costs for its implementation
Review environmental issues, assess the current environmental conditions of the site where the Project will be carried out and identified potential environmental impacts associated with the Project.