UKRAINE URBAN ROAD SAFETY

Promoter – Financial Intermediary

UKRAINE

Location

• Ukraine

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)

• Transport - Transportation and storage

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