Search En menu en ClientConnect
Top 5 search results See all results Advanced search
Top searches
Most visited pages


    € 100,000,000
    Ukraine : € 100,000,000
    Transport : € 100,000,000
    Signature date(s)
    10/12/2021 : € 100,000,000
    Link to source

    Summary sheet

    Release date
    14 January 2021
    Signed | 10/12/2021
    Project name
    Promoter - financial intermediary
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 217 million

    Project consists of investment in new trolleybuses and metro coaches.

    The investments financed under the operation will improve the quality and sustainability of public transport service in Kyiv and will have a positive effect on the local economy. The investment is expected to deliver socio-economic benefits and savings in terms of travel time, vehicle operating costs and road accident costs, as well as have a positive impact on the environment (decrease in local air/noise emissions and greenhouse gas emissions) as a result of the expected shift of passengers from private cars to sustainable public transport modes.

    Additionality and Impact

    The project will target investments related to replacement of trolleybus, tram and metro fleets. It is eligible for the European Investment Bank's ("EIB") financing under its External Lending Mandate 2014-2020 and the 2014 European Union - Ukraine Association Agenda that support, among other, things, infrastructure and transport. The project also complies with the objectives and development priorities (such as urban public transport) of Ukraine's 2030 National Transport Strategy and the EIB's Transport Lending Policy.

    The renewal of the city's trolleybus, tram and metro fleets is expected to improve their level of service in terms of reliability, safety and comfort. Therefore, the project should increase the attractiveness of public transport in Kyiv and promote a positive modal shift from private transport modes to public transport, thereby, reducing negative road transport externalities (air and noise pollution, greenhouse gas emissions, road accidents and congestion). Also, by promoting modal shift to more efficient public transport, the project will contribute to EIB's climate action commitment, as per EIB's Climate Bank Roadmap. Thus, as a 100% Climate Action project, it will be reported under the EIB's Public Policy Goals for Sustainable Cities.

    Benefits stemming from the EIB financing include: long tenor of EIB loan, flexible draw-down conditions, as well as attractive pricing, which is important given socio-economic implications of the project. The EIB will also make a contribution through substantial technical appraisal and monitoring of the project by EIB staff and third party consulting services. The involvement of the EIB with the project has raised its technical, environmental and social standards.

    Environmental aspects

    The purchase of new trolleybuses and metro coaches does not fall within the scope of either Annex I or Annex II of the EIA Directive 2011/92/EU as amended by Directive 2014/52/EU. Therefore, if the project were situated in the EU, no environmental impact assessment (EIA) would be required. The EIB will assess the arrangements for the scrapping of dismissed rolling stock in Ukraine and the storage of hazardous waste material. Overall, compliance with the Bank's Environmental and Social Standards will be assessed during appraisal.

    The Bank will require the Promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Link to source


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).


    Environmental and Social Data Sheet (ESDS) - KYIV CITY URBAN ELECTRIC TRANSPORT
    Publication Date
    24 Nov 2021
    Document language
    Main Topic
    Document Number
    Document Focus
    Environmental Information
    Project Number
    Publicly available
    Download now

    News & Stories


    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications