UZ Electrification (EBRD-45782)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Specific Location
Dolynska- Mykolaiv-Kolosivka
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 13, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ukrainian Railways
The holder of the loan, grant, or other investment.
Sectors
  • Technical Cooperation
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 177.55 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 150 million
Converted using 2017-12-13 exchange rate.
Loan Amount (USD)
$ 177.55 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 150 million
Converted using 2017-12-13 exchange rate.
Project Cost (USD)
$ 434.77 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 367.3
Converted using 2017-12-13 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 24, 2018

Disclosed by Bank Jul 4, 2017


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Project Description

According to EBRD website, the Project aims to increase the efficiency of the railway operations and the capacity for port hinterland traffic in the Odessa region. The main purpose of the Project is to improve the efficiency of the railway operations and to support the ongoing railway reform process through: (i) providing financing to electrify and double track the railway line, thus reducing energy consumption and removing the capacity bottleneck at three of Ukraine's main gateways for grain exports, (ii) providing institutional strengthening support to the Ukrainian Railways and the Government of Ukraine to implement best corporate governance practices, and (iii) providing further support to reduce energy consumption in the rail sector in Ukraine.

Further, Technical cooperation support for the project includes:

  • Assistance in tendering and implementation of the Project;
  • Corporate governance assignments
  • Assessment of opportunities for Energy Efficiency project preparation under the Sustainable Transport Advisory Programme; and
  • Implementation of the Energy Efficiency Programme.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Project Contact: Kateryna Golovach, Head of the Project Implementation Unit
Email Address: leur@uz.gov.ua
Telephone No.: +380 (44) 465 00 69, +380 (44) 465 37 87
Website: www.uz.gov.ua
Office Address: 2 Protasov Yar Street, Kyiv, 03150, Ukraine

General enquiries to EBRD: 
Telephone No.: +44 20 7338 7168
Email Address: projectenquiries@ebrd.com

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.