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The project involves the retrofitting of sulphur oxide (SOx) "scrubbers" to the promoter's fleet as well as propeller re-bladings of six vessels.
The scrubber retrofits are being performed in order that the promoter's vessels comply with the EU Sulphur Directive which restricts vessels operating in EU sulphur emission areas (SECAs) from emitting more than 0.1% sulphur in their exhaust gases from January 2015. The re-bladings are designed to increase propulsion efficiency and thereby decrease fuel consumption and emissions.
The project concerns the sulphur scrubber and re-blading retrofits of roll-on/roll-off passenger/freight (ro-pax) and roll-on/roll-off freight (ro-ro) vessels and does not require an environmental impact assessment (EIA) under Annex II of Directive 2011/92/EC. Any potential environmental issues will be investigated during the project's appraisal.
The promoter is a private company which is not operating in the utilities sector, and is thus not covered by EU directives on procurement. The Bank will, however, review the promoter's processes during the project's due diligence.