UZ New Rolling Stock (EBRD-49039)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
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.
Borrower
UKRAINIAN RAILWAYS PJSC
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 240.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Sep 17, 2018

Disclosed by Bank Jul 18, 2017


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Project Description

According EBRD website, the project is the provision of a senior secured loan to JSC Ukrzaliznytsia in the amount of up to USD 150 million aimed to acquire general purpose open freight wagons. The Project is an integral part of a multi-staged Rolling Stock Renewal Programme to renovate Company's ageing fleet, which has become a critical bottleneck of the country's transport system due to shortage and poor state of rail rolling stock.

It will be used to procure general purpose open freight wagons. Within the Rolling Stock Renewal Programme, the Company has identified a need for acquisition of approximately 24 thousand open freight wagons and is now seeking the Bank's support to part-finance the initial stage of the Programme, which involves acquisition of about 6.5 thousand open freight wagons.

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.