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    Reference: 20180239
    Release date: 16 July 2019

    Promoter – Financial Intermediary

    STATE ROAD SERVICE OF UKRAINE

    Location

    Description

    The project will finance the construction of Lviv Northern bypass and the rehabilitation of sections of M-05 in Cherkassy, Kirovohrad, Mykolaiv and Odessa regions in Ukraine.

    Objectives

    The investments will improve the quality of the extended TEN-T network by creating safer road conditions and reducing environmental pollution. In addition, the Lviv Northern bypass will shorten travel time and divert traffic from the city of Lviv.

    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 ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 450 million

    Total cost (Approximate amount)

    EUR 1050 million

    Environmental aspects

    If situated in the EU, the Lviv bypass component would fall under Annex I requiring full Environmental Impact Assessment (EIA), while some of the M05 road schemes may fall under Annex II of the 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 EIB's environmental and social standards will be assessed during the project appraisal and the subsequent individual scheme allocation appraisals.

    Procurement

    The EIB 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.

    Status

    Signed - 22/11/2019

    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