UKRAINE URBAN PUBLIC TRANSPORT FL

Promoter – Financial Intermediary

UKRAINE

Location

• Ukraine

Description

Framework loan to finance urban public transport investments in up to 20 municipalities in Ukraine

Objectives

The schemes to be financed under the operation will improve the frequency and sustainability of public transport in medium-sized Ukrainian cities and will have a positive effect on the economy of those cities. Moreover, they are expected to generate savings in user time, vehicle operating costs, road accident costs, local air/noise emissions, as well as a reduction in greenhouse gas emissions as a result of the expected shift of passengers from road to electric transport modes.

Sector(s)

• Transport - Transportation and storage

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Proposed EIB finance (Approximate amount)

EUR 204 million

Total cost (Approximate amount)

EUR 400 million

Environmental aspects

If situated in the EU, some of the infrastructure schemes may fall under Annex II of the Environmental Impact Assessment (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 Bank's environmental and social standards will be assessed during the project appraisal and the subsequent individual scheme allocation appraisals. Overall, the schemes should help the public transport systems gain or at least maintain modal share and thereby promote sustainable transport outcomes.

Procurement

The Bank will require the promoter to ensure that any procurement procedures are carried out in accordance with the Bank's Guide to Procurement.

Status

Signed - 11/11/2016