Reference: 20150503
Release date: 27 May 2016

Promoter – Financial Intermediary

UKRAINE URBAN PUBLIC TRANSPORT FL

Location

Description

Framework loan to finance urban public transport investments in up to 20 municipalities in Ukraine

Objectives

The schemes to be financed under the operation will improve the frequency and sustainability of public transport in medium-sized Ukrainian cities and will have a positive effect on the economy of those cities. Moreover, they are expected to generate savings in user time, vehicle operating costs, road accident costs, local air/noise emissions, as well as a reduction in greenhouse gas emissions as a result of the expected shift of passengers from road to electric transport modes.

Comments

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

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 400 million

Environmental aspects

If situated in the EU, some of the infrastructure schemes may fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU and a screening by a competent authority would be required to determine whether an EIA were required. The environmental process followed for the individual schemes and compliance with the Bank's environmental and social standards will be assessed during the project appraisal and the subsequent individual scheme allocation appraisals. Overall, the schemes should help the public transport systems gain or at least maintain modal share and thereby promote sustainable transport outcomes.

Procurement

The Bank will require the promoter to ensure that any procurement procedures are carried out in accordance with the Bank's Guide to Procurement.

Status

Signed - 19/11/2016

Disclaimer

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

Related tags

Ukraine Transport