Project Notice
|
| PNR |
18965 |
| Project Name |
Circle Maritime Invest Loan II |
| Project Detail |
Project Description A secured loan of up to US$ 9.9 million to JSC Circle Maritime Invest (CMI), a private company registered in Kazakhstan. CMI owns and operates fleet offsore support vessels (OSVs) in the the Caspian Sea. The loan will be used to finance the acquisition of two new build tugs. The tugs will be constructed by a European shipbuilding company in compliance with the European safety, quality and fuel efficiency standards. Project Objectives The new vessels will be chartered to third parties and will be initially used for transportation of construction blocks and equipment by Tengizchevroil for further development of the Tengiz oil field in Kazakhstan. The vessels will not be designed and used for ice-breaking activities and will have the lowest Ice Class 1C, just enough to withstand accidental collisions with floating ice. The tugs will not be used for transportation of oil products or hazardous materials. |
| Funded By |
European Bank for Reconstruction and Development - (EBRD) |
| Sector |
Transportation |
| Country |
Kazakhstan , Central Asia |
| Project Value |
KZT 38,500,000
|
