Release date: 20 July 2023
Promoter – Financial Intermediary
UKRAINELocation
Description
The operation consists of a third Framework Loan (FL) to support priority investments in the recovery of areas affected by the conflict in Ukraine and basic infrastructure needs of Internally Displaced Person (IDPs). Despite ongoing war and difficulties, daily life continues in many parts of the country and the Government of Ukraine must ensure that at least basic needs of the population are met. The FL builds on two previous successful operations that have delivered to Ukraine so far more than hundred of schools, hospitals, social housing, water plants etc.
Objectives
The aim is to support critical public infrastructure investments to ensure basic needs and decent living conditions for IDPs and host communities. The project will cover municipalities of Ukraine under control of the Ukrainian Government that are hosting significant influxes of IDPs and that are sufficiently safe to benefit from the technical assistance. The sectors allowed to be financed under the FL are: housing, education, health, district heating, administrative buildings, water, sanitation, local transportation. Technical designs are also eligible.
Comments
Guarantee to be determined.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
- Urban development - Construction
- Transport - Transportation and storage
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 250 million
Total cost (Approximate amount)
EUR 250 million
Environmental aspects
The large majority of the investments foreseen by the project are repairs and refurbishment of damaged infrastructure in the sectors mentioned above. Roads (if included) are to be performed within existing rights of way or on new alignment over short sections. Some of such investments might be subject to an Environmental Impact Assessment (EIA) under the National EIA Law, which transpose the requirements of the EIA Directive 2011/92/EC (as amended by Directive 2014/52/EU) and ensures compliance with Ukraine's international obligations under the Association Agreement between EU and Ukraine. Additionally, the social risks and impacts related to the sub-projects will be duly carried out as part of the appraisal, in accordance with the EIB Social Standards.
Procurement
The promoter has to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement and the relevant applicable EU public procurement rules.
Status
Approved - 15/11/2023
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).