UKRAINE EARLY RECOVERY

Promoter – Financial Intermediary

PUBLIC ENTITY(IES)

Location

• Ukraine

Description

Framework loan to support priority investments in the recovery of areas affected by the conflict in the Ukrainian region of Donbas and in basic infrastructure catering to needs of displaced people.

Objectives

The objective of the early recovery phase is to address (i) short-term needs in the affected areas under the control of the Government of Ukraine and (ii) basic infrastructure needs to shelter internally displaced people in other regions of Ukraine.

Comments

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

Sector(s)

• Composite infrastructure
• Energy
• Water, sewerage
• Urban development
• Industry

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 200 million

Environmental aspects

The large majority of the investments foreseen by the project are repairs and refurbishment of damaged infrastructure. Therefore potential negative environmental impacts are likely to be minor. If situated in the EU, these schemes would likely fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU and therefore be subject to screening. Some of the schemes nevertheless might require an EIA. Appropriate screening procedures, also in relation to natural habitats and protected species, as well as land acquisition/resettlement will be put in place.
Given the complex situation, the relevant analysis of social risks and impacts of the project will also be duly carried out as part of the appraisal, in accordance with the EIB Social Standards.

Procurement

The promoter is a public entity. The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Status

Signed - 22/12/2014