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KYIV CITY URBAN ELECTRIC TRANSPORT

Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Ukraine : € 150,000,000
Transport : € 150,000,000
Signature date(s)
24/09/2024 : € 50,000,000
10/12/2021 : € 100,000,000
Link to source

Summary sheet

Release date
14 January 2021
Status
Reference
Signed | 10/12/2021
20200250
Project name
Promoter - financial intermediary
KYIV CITY URBAN ELECTRIC TRANSPORT
KYIV CITY
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million
EUR 417 million
Location
Sector(s)
Description
Objectives

Project consists of investment in new trolleybuses and metro coaches.

The investments financed under the operation will improve the quality and sustainability of public transport service in Kyiv 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.

Additionality and Impact

The project will target investments related to replacement of trolleybus, tram and metro fleets. It is eligible for the European Investment Bank's ("EIB") financing under its External Lending Mandate 2014-2020 and the 2014 European Union - Ukraine Association Agenda that support, among other, things, infrastructure and transport. The project also complies with the objectives and development priorities (such as urban public transport) of Ukraine's 2030 National Transport Strategy and the EIB's Transport Lending Policy.


The renewal of the city's trolleybus, tram and metro fleets is expected to improve their level of service in terms of reliability, safety and comfort. Therefore, the project should increase the attractiveness of public transport in Kyiv and promote a positive modal shift from private transport modes to public transport, thereby, reducing negative road transport externalities (air and noise pollution, greenhouse gas emissions, road accidents and congestion). Also, by promoting modal shift to more efficient public transport, the project will contribute to EIB's climate action commitment, as per EIB's Climate Bank Roadmap. Thus, as a 100% Climate Action project, it will be reported under the EIB's Public Policy Goals for Sustainable Cities.


Benefits stemming from the EIB financing include: long tenor of EIB loan, flexible draw-down conditions, as well as attractive pricing, which is important given socio-economic implications of the project. The EIB will also make a contribution through substantial technical appraisal and monitoring of the project by EIB staff and third party consulting services. The involvement of the EIB with the project has raised its technical, environmental and social standards.


Environmental aspects
Procurement

The purchase of new trolleybuses and metro coaches 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 ELM Guarantee
Comments

This operation is covered by the ELM Guarantee.

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Link to source

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).

Documents

Environmental and Social Data Sheet (ESDS) - KYIV CITY URBAN ELECTRIC TRANSPORT
Publication Date
24 Nov 2021
Document language
Main Topic
Lending
Document Number
142642404
Document Focus
Environmental Information
Project Number
20200250
Sector(s)
Countries
Publicly available
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