| Project Detail |
Project Description
Provision of a senior loan of up to EUR 10 million to Communal Enterprise "Zhytomyrske Tramvaino-Troleybusne Upravlinnya" (the "company") consisting of a loan of up to EUR 9 million from the EBRD ordinary capital resources and a loan of up to EUR 1 million from the Clean Technology Fund (the "CTF") resources administered by the Banks CIF Special Fund.
The loan is expected to be co-financed by an investment grant of up to EUR 2 million ("grant") from the EU Neighbourhood Investment Platform ("NIP").
The proceeds of the loan and the grant will be used to finance: (i) the acquisition of up to 50 new trolleybuses and related maintenance and diagnostic equipment, and (ii) the extension of the trolleybus network (construction of power substations and catenary network).
The loan is the eighth sub-project under the Ukraine Public Transport Framework ("UPTF") consisting of municipal-guaranteed loans to public transport companies in Ukraine to facilitate critical improvements in public transport infrastructure in a number of cities across Ukraine.
Project Objectives
The project will address key challenges in the development of Zhytomyrs public transport infrastructure by improving both the access to clean urban transport and the capacity and efficiency of public transport services. The Banks investment will enable the company to increase the efficiency of trolleybus operations through improved accessibility, modernised infrastructure, increased average service speeds and decreased maintenance intensity and costs. |
