Release date: 6 July 2020
Promoter – Financial Intermediary
UKRAINELocation
Description
Framework loan aimed at thermal refurbishment of public buildings in Ukraine.
Objectives
The projects aim at supporting energy efficiency improvements in public buildings in Ukraine (including administrative, schools, kindergartens, cultural buildings, hospitals). The investment needs for renovation of public buildings in Ukraine are estimated to be at least €2 billion. EIB projects would focus on comprehensive refurbishment including horizontal measures and integration of small-scale renewables.
Comments
The Bank will ensure adequate visibility of the EU contribution through the EU Guarantee for EIB loans outside the EU.
Sector(s)
- Urban development - Construction
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 304 million
Total cost (Approximate amount)
EUR 407 million
Environmental aspects
The underlying projects or measures would not be expected to fall under Annex I or Annex II of the EIA Directive 2011/92/EU, if located in the EU. The environmental assessment process and relevant documents will be reviewed during the project's due diligence. Through energy savings, the project will enable lower energy consumption and will reduce associated CO2 emissions.
Procurement
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.
Status
Signed - 6/10/2020
Disclaimer
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).