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    Reference: 20190128
    Release date: 6 July 2020

    Promoter – Financial Intermediary

    UKRAINE

    Location

    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)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 302 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 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 Urban development