Release date: 26 May 2021
Promoter – Financial Intermediary
The project consists of investment in new trams and related infrastructure.
The project is targeting the renewal of Kharkiv City's tram fleet and the related equipment, with the aim to modernise and increase the effectiveness of the urban electric transport network. The investments financed under the operation will improve the quality and sustainability of public transport service in Kharkiv and will have a positive effect on the local economy. The investment is expected to deliver socio-economic benefits and savings in terms of travel time, vehicle operating costs and road accident costs, as well as have a positive impact on the environment (decrease in local air/noise emissions and greenhouse gas emissions) as a result of the expected shift of passengers from private cars to sustainable public transport modes.
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
EUR 100 million
The purchase of new trams does not fall within the scope of either Annex I or Annex II of the EIA Directive 2011/92/EU as amended by Directive 2014/52/EU. Therefore, if the project were situated in the EU, no environmental impact assessment (EIA) would be required. The EIB will assess the arrangements for the scrapping of dismissed rolling stock in Ukraine and the storage of hazardous waste material. Overall, compliance with the Bank's Environmental and Social Standards will be assessed during appraisal.
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.
Under appraisal - 19/04/2021