Original disclosure @ EBRD website
Updated in EWS Mar 1, 2023
Disclosed by Bank Feb 24, 2023
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According to the bank website, the project provides a senior loan of up to EUR10.6 million loan to Khmelnytskyi Communal Enterprise "Electrotrans" (the "Company") to finance the acquisition of new trolleybuses along with essential maintenance and diagnostic equipment. The EBRD loan is a part of a broader financial package, which includes an investment grant from the EU Neighbourhood Investment Platform ("EU NIP") in the amount of up to EUR2.75 million and an investment grant of up to EUR1.7 million from the EBRD Crisis Response Special Fund benefiting from the US government contribution. The City's financing of EUR1.5 million is to be used for upgrading trolleybus stops and traction substations as well as modernising trolleybus depot.
The proceeds of the EBRD's loan and the aforementioned grants will be used for the acquisition of new trolleybuses along with spare parts, remote monitoring system and service equipment. The modernisation of the trolleybus fleet will improve the reliability and quality of services for public transport users, as well as improve air quality through reduced Nitrous Oxides ("NOx") and Particulate Matter ("PM") emissions.
Ternopilska St., 15/2, Khmelnytskyi, Khmelnytskyi Oblast, Ukraine, 29000
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