PROJECT: Multi Purpose / Intermodal Terminal project at the port of
Ventspils in Latvia
CLIENT: European Bank for Reconstruction and Development
COMPLETED: MARCH 2000
Scope of the project was the construction by a Container and a General Cargo
Terminal at the Port of Ventspils, in Latvia stevedoring consortium NNVT under a
concession scheme funded by EBRD.
TRITON Consulting Engineers in association with ADK SA of Greece and PLANCENTER
of Finland provided technical and financial services as Lender's Monitors. The
following services were provided in two stages:
1st Stage : Due Diligence
- Review of the project's Business Plan and its conformity with the Loan
Agreement's investment schedule.
- Technical assessment of the project's infrastructure design.
- Inspection / assessment of the existing assets (buildings, road / railworks,
utility networks etc.)
- Verify suitability of existing infrastructure components for integrated on
with the new facilities.
- Identify key environmental issues associated with the terminal operations and
highlight major areas of concern (i.e. soil bearing capacity, noise protection
of adjacent residential areas etc.
- Carry out cashflow analysis to identity the short and medium term needs of the
operations of two terminals, determine variable and fixed costs associated with
them, review the 10-year cost projection and combined demand,
2nd Stage : Monitoring services of the Project implementation
Lender's Monitor tasks during construction comprised of:
- Oversee the construction of marine and onshore works for the container and
general cargo terminals and their related facilities i.e. sheds, loading and
storage areas, road and railworks, administration building, workshops,
storehouse etc.
- Review and approve purchase procedures of equipment and facilities i.e.
container crane, general cargo crane, forklifts, tractors, trucks and other
vehicles, repair and maintenance plant and equipment, auxiliary power unit etc.
- Oversee implementation of environmental, health and safety requirements
- Verify establishment a fully computerized product handling and storage system.
- Oversee the site Engineer's supervisory team, check the quality control
procedures.
- Approve loan disbursements.
- Review the project's commissioning procedures
