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Projects

Project Brief

Summaries of proposed guarantees are provided prior to Board consideration and before final contract signing, and they are therefore subject to change. Project briefs are disclosed after Board consideration and contract signing and reflect the terms of the project at the time of contract signature. Environmental and Social Review Summaries are provided for projects assigned an Environmental Assessment Category of A or B.

 

Project name
Can-Pack Ukraine Ltd.
Project ID
5326
Fiscal year
2006
Status
Active
Guarantee holder
Pol-Am-Pack
Can-Pack S.A.
Investor country
Poland
Host country
Ukraine
Environmental category
B
Sector
Manufacturing
Gross exposure
 $33.7 million
Project type
Non-SIP
MIGA issued two guarantees totaling $33.7 million to Can-Pack S.A. and its subsidiary Pol-Am-Pack, both of Poland, for their investment in Ukrainian subsidiary, Can-Pack Ukraine Ltd. The contracts replace a previous contract issued to Can-Pack S.A. in 2003, reflecting Can-Pack’s transfer of 47 percent control of Can-Pack Ukraine to Pol-Am-Pack. The guarantees cover the investors’ equity investment in the project. The coverage protects against the risks of expropriation, war and civil disturbance, and transfer restriction. The project involves the operation of an aluminum beverage can production plant. MIGA is also providing coverage for a shareholder loan, and a management and technical assistance contract for the project under guarantees issued in 2003.  
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