Release date: 14 September 2023
Promoter – Financial Intermediary
STATE AGENCY FOR RESTORATION AND DEVELOPMENT OF INFRASTRUCTURE OF UKRAINE (AGENCY FOR RESTORATION)Location
Description
The project consists of: (i) emergency repairs, rehabilitation and reconstruction of destroyed/damaged transport infrastructure (roads, bridges, artificial structures and traffic organization equipment), (ii) development of necessary/missing road transport and logistics infrastructure throughout Ukraine, including in the zones de-occupied from Russian army and border crossings, and (iii) financing projects under the Connecting Europe Facility (CEF) in the road sector (Solidarity lanes).
Objectives
The project will also improve the efficiency of Ukraine EU cross-border road transport arrangements and is in line with the TEN-T Guidelines by referring to Projects of common interest, Neighbouring country, Cross-border sections, Bottlenecks, Interoperability, Intelligent Transport System (ITS). The project is important to ensure cross-border connections with the EU and more generally to restore road network connectivity through targeted emergency reconstruction of strategic road sections damaged by the war. The project will also increase security standards along the EU external border and improve road capacity for dual use.
Comments
The proposed loan is eligible for the comprehensive European Fund for Sustainable Development Plus ("EFSD+") guarantee cover granted by the European Union to the Bank under the EU's Neighbourhood, Development and International Cooperation Instrument ("NDICI") "Global Europe". The loan falls under the NDICI Investment Window 1 ("IW1") dedicated to sovereign and non-commercial sub-sovereign borrowers, subject to confirmation of eligibility by the European Commission before the approval of the AFS and the financing amount available under the country ceiling dedicated to Ukraine at the time of the signature. As the Bank is currently evaluating other financial instruments to be used for the purpose of projects in Ukraine (subject to the approval of relevant governing bodies).
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 230 million
Total cost (Approximate amount)
EUR 460 million
Environmental aspects
The compliance of the project to the EIB Environmental and Social standards will be verified at scheme allocation. Given the extraordinary circumstances in which some of the schemes under the project are to be implemented (e.g. providing for a connectivity through emergency replacement of damaged bridges and rehabilitation of damaged road sections), there may be a need to apply certain adjustments to the standard procedure on a case by case basis.
Procurement
Procurement will follow the EIB Guide to Procurement procedure, by selecting the relevant procurement procedure according to the circumstances in Ukraine at a time of scheme allocation. Full application of the EIB Guide to Procurement cannot currently be guaranteed and a necessary derogation is likely to be required. The possibility of application of the national procurement system (Prozorro) may be an option.
Status
Approved - 13/12/2023
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).