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    Reference: 20160819
    Release date: 24 August 2017

    Promoter – Financial Intermediary

    UKRAINE

    Location

    Description

    Framework loan for the financing of infrastructure investments related to urban road safety in five Ukrainian municipalities (Kiev, Odessa, Lviv, Dnipro and Kharkiv).

    Objectives

    The framework loan will finance urban traffic infrastructure with the aim to improve road safety for drivers and, in particular, most vulnerable road users such as pedestrians and cyclists. In addition to improved road safety and reduced accidents, the investment has potential to decrease the indirect financial cost arising from poor road safety, and therefore positively impact the local economic development.

    Comments

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

    Sector(s)

    Under ELM Guarantee

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

    Proposed EIB finance (Approximate amount)

    EUR 75 million

    Total cost (Approximate amount)

    EUR 177 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 is needed. 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.

    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 - 9/07/2018

    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