| Project Detail |
Location:
Ukraine
Project number:
54150
Business sector:
Transport
Notice type:
State
Environmental category:
B
Approval date:
10 May 2023
Status:
Concept Reviewed
PSD disclosed:
07 Mar 2023
Project Description
A sovereign guaranteed loan of up to EUR 200 million, consisting of EUR 100 million to provide emergency capex financing to the JSC "Ukrainian Railways" (the "Company" or "UZ") and EUR 100 million to provide capital structure support (the "Project"). The loan will facilitate the expansion of the cross-border capacity and improve railway connectivity corridors with EU, address border crossing bottlenecks and mitigate war impact through rehabilitation of the relevant railway sections and other critical infrastructure investments. The EBRD loan is expected to be supported by the G7/EU guarantees of up to 50%.
Project Objectives
The Project will support the Company in addressing immediate critical needs to improve operations and ensure improved connectivity with EU, continue to provide vital services to people and businesses/private sector, maintaine logistics of key Ukrainian exports (including agricultural products) and critical imports. The financing would allow UZ to rehabilitate the key railway corridors on the border with EU and procure the rolling stock thereby providing a comprehensive solution for the Company to expand capacity on these rail corridors. |
