Kharkiv Metro Extension (EBRD-46411)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Specific Location
Kharkiv
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
Nov 29, 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
Ukraine Sovereign
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Technical Cooperation
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)
$ 189.62 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 160 million
Converted using 2017-11-29 exchange rate.
Loan Amount (USD)
$ 189.62 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 160 million
Converted using 2017-11-29 exchange rate.
Project Cost (USD)
$ 379.25 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 320 million
Converted using 2017-11-29 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 24, 2018

Disclosed by Bank Jul 13, 2017


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Project Description

According to EBRD website, the loan will be used to finance the extension of Metro Line III in Kharkiv by 3.5 km to the southern districts of the city and construction of two stations, construction of a new depot and connecting rail and the purchase of rolling stock to service the extended line. Kharkiv is Ukraine's second largest municipality and a major industrial centre.

It will address key challenges in the public transport infrastructure development of the city of Kharkiv, including improving access to clean urban transport and increasing the capacity and efficiency of public transport services. The investment is expected to result in significant economic and environmental benefits through the expansion of clean, zero-emission urban rail mass transit as the backbone of Kharkiv's public transport system to ensure sustainable mobility.

The assignments for technical cooperation are: corporate development support programme, lender's technical monitor and monitoring of implementation of RAP. 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Project Contact: Ihor Terehov, First Deputy Mayor
Email Address: terehov@city.kharkov.ua
Telephone No.: +380577607676, +380577607950
Website: http://www.city.kharkov.ua/
Office Address: 7 Maydan Konstytutsii, Kharkiv, 61200, 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.