| Project Detail |
Location:
Georgia
Project number:
44277
Business sector:
Transport
Notice type:
Private
Environmental category:
B
Approval date:
23 Jan 2024
Status:
Approved
PSD disclosed:
12 Mar 2024
The provision of a senior secured loan increase of up to EUR 3 million to Gebrüder Weiss LLC (the "Borrower"), a company offering logistics and transportation services in Georgia. This financing aims to support the expansion of the Borrowers intermodal logistics terminal located near Tbilisi. Gebruder Weiss LLC is a subsidiary of Gebruder Weiss GmbH (the "Guarantor"), a global transport and logistics firm headquartered in Austria.
The original loan was provided in 2013 of up to EUR 3 million (of which committed EUR 2.75 million) to finance the construction of a greenfield intermodal logistics terminal, addressing the needs for quality logistics services and warehousing infrastructure, modern supply chain management as well as cost-efficient and flexible transport services. The terminal has been operational since 2013.
Project Objectives
The objective is to facilitate the development of the logistics intermodal terminal into a hub for the Caucasus region, serving as a strategically significant nexus between the markets of Asia and Europe. |
