Original disclosure @ IFC website
Updated in EWS Jan 17, 2021
Disclosed by Bank Oct 1, 2020
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The proposed IFC’s investment is to provide an A loan of up to EUR27m to the municipal transportation company of City of Kryvyi Rih (the “City” or “City of KR”), Shvydkisnyi Tramway (ST or the “Company”), to help procurement of up to 50 electrical tram vehicles and rehabilitation of around 1km of associated tramway line (the “Project”). The project will enhance physical connectivity of remote districts and encourage tramway use, expected to contribute to the reduction of pollution and congestion in the City. In parallel, as part of IFC’s Ukraine Cities Program, IFC is providing City with comprehensive advisory support to facilitate project implementation and increase its impacts. Activities include recommendations on improving sustainability and operational efficiency of transportation sector, reviewing tramway electric power supply system and related infrastructure to advise on capital modernization needs, as well as support in the technology specifications and selection of new low-floor energy efficient tram cars. Activities also include advisory to build KR’s internal E&S management capacity. The tram vehicles will be operating on the existing underground and on the ground tram lines of the City and will be replacing obsolete vehicles. The component relevant to the tramway line rehabilitation will take place on circa. 1 km section of Sobornosty Avenue, one of the main east-west transport arteries in the City center, located in the Metalurgiv district of Kryvyi Rih.
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