The Rail sector in Russia is undergoing a structural reform programme with the ultimate goal to improve efficiency and profitability of rail services in Russia and encourage investments in sector modernisation. As part of its anti-crisis response, the Bank is in the process of developing a reform support programme with JSC Russian Railways (“RZD”) which will be implemented via a series of projects with RZD and its successor companies, including TransContainer.
TransContainer is the first subsidiary of RZD to have been partially privatised: a 15% stake was sold to a group of private investors including the EBRD, at the beginning of 2008. The implementation of this new Project will support further improvement of the corporate governance and operating efficiency of the Company, to unlock its value and prepare it for the next stages of privatisation.
OJSC “TransContainer” is the leading container freight operator in Russia. The company is currently 85 per cent owned by RZD whereas other 15 per cent of shares belong to a group of private investors, including the EBRD.
The Company was set up in 2006 by the RZD as part of the Rail sector reform with the purpose of consolidating and commercialising container operations.
Senior loan of up to USD 100 million to be partially syndicated to commercial banks under an A/B loan structure.
Total Project cost: USD 143 million.