|Title:||Ilichevsk Port Modernisation Project: Market, Technical, Financial, Environmental and Institutional Due Diligence (Phase 2) |
|Dates: ||November, 2004 - December, 2004|
The EBRD was considering providing a loan to the Merchant Port of Ilichevsk for the purpose of financing the "Ilichevsk Port Modernisation Project".
In the end of 2003 Corporate Solutions, under the EBRD Transport Framework Contract, was commissioned to undertake an initial assessment of the project in order to ascertain whether the required information to conduct a full review of the project was available and identify key issues and risks to be addressed by that review. The final report was submitted in March 2004.
In November 2004, the EBRD requested from the Consultant to revise sections 3 and 7 of the final report to include full data for 2003 and 2004 in the market analysis section and expand on the earlier review of the Port's existing institutional environment. These sections, plus Annex 1, were updated with the remaining sections left unchanged.
- Assessment of the Port's competitive position, identification of the main competitors to the Port, determination of its current and potential competitive advantages and disadvantages, review of the traffic going through the Port, identification and outlining of possible future trends
Preparation of traffic forecasts for different types of commodities and discussed these with the management of the Port
Reviewing the Port's tariff policy in order to ascertain the way tariffs are presently set and how tariff levels may change in the future
Conducting preliminary financial analysis and proposing additional work necessary to produce 15-year financial projections as part of the full review
Assessing the technical feasibility of the proposed rehabilitation project and preparing estimates of costs for its implementation
Assessing the current institutional environment of the port and generating recommendations for improvements in the Port's management information systems
Reviewing environmental issues, assessing the current environmental conditions of the site where the project will be carried out and identifying potential environmental impacts associated with the Project.