UPTF2 - Poltava Trolleybus (EBRD-50055)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Specific Location
Poltava
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
Proposed
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
Jul 24, 2019
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
Poltavaelectroavtotrans
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • 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)
$ 11.16 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 10
Converted using 2019-05-21 exchange rate.
Project Cost (USD)
$ 11.16 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 10
Converted using 2019-05-21 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 14, 2019

Disclosed by Bank May 21, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the Bank's website, this project provides financing to Poltavaelectroavtotrans for investments in public transport infrastructure within the city of Poltava. Specifically, it finances the acquisition of up to 40 new trolleybuses and related equipment as well as the modernisation of three substations. 

Environmental and social due dilligence was carried out by the European Bank for Reconstruction and Development (EBRD). According to the Bank, the project will address air pollution issues as well as improving the capacity and efficiency of public transport services. 

Each sub-project will require Environmental and Social Due Diligence and Environmental and Social Action Plans.

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

This project is part of the proposed EUR 250 million Ukraine Public Transport Framework II (UPTF2) project consisting of municipal-guaranteed loans to public transport companies in Ukraine.

 

Private Actors
  • Poltavaelectroavtotrans ME -- Implementing Company

The implementing company is a municipal enterprise; it is a municipal public transport operator wholly owned by the City of Poltava

Contact Information

Zaytsev Evgen
poltavaelektrotrans@ukr.net
+38 05322 29053
+38 05322 29053
10 Halturina Street, Poltava, 36000, Ukraine

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.