Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Ukraine

Geographic location where the impacts of the investment may be experienced.

Specific Location

Kyiv

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

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Oct 8, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

City of Kyiv - Kyivsky Metropolitan

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

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, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 173.95 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 150
Converted using 2025-07-28 exchange rate.

Loan Amount (USD)

$ 173.95 million

Project Cost (USD)

$ 174.53 million

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 29, 2025

Disclosed by Bank Jul 28, 2025

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Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project consists of a senior loan of up to EUR 150 million to the City of Kyiv to finance the acquisition of new metro cars, including spare parts and tools as well as maintenance and diagnostic equipment. The EBRD loan proceeds will be downstreamed to the Communal Enterprise "KYIVSKY METROPOLITAN" (the "Company"), the public transport company wholly owned by the City and responsible for the provision of underground (metro) transportation services.

The Project aims to address critical investment needs in Kyiv's public transport system by modernising the city's ageing metro fleet and thereby promoting more resilient, reliable, and sustainable mobility essential for the City's daily functioning. By replacing outdated metro cars with modern, energy-efficient alternatives, the Project will significantly improve the quality of vital public transport services for local residents, including internally displaced persons ("IDPs"). The Project is also expected to support a human capital recovery and resilience through technical assistance and targeted capex grant investments.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Categorised B (2024 ESP). The ESDD confirmed that the Project is limited to the urban area within the boundaries of the existing urban development and no sensitive ecological receptors or protected zones will be affected. In addition, it is confirmed that the Project will not have significant adverse social impacts to local communities or other project affected parties, nor will the Project require acquisition of land or result in involuntary resettlement or economic displacement.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

EBRD Finance Summary (loan): EUR 150,000,000.00

Total Project Cost: EUR 150,500,000.00

The Project is expected to be co-financed by EUR 0.5m investment grant to support human capital development initiatives.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The borrower is the City of Kyiv. Kyiv, the capital of Ukraine and the seventh largest city in Europe, is the most populated Ukrainian municipality, with a diversified local economy and tax base.

The EBRD loan proceeds will be downstreamed to the Communal Enterprise "Kyivsky Metropolitan", a public transport company wholly-owned by the City, responsible for the provision of underground (metro) transportation services in Kyiv.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - City of Kyiv:

Oleksandr Prokopenko
Email: df.kmda.prokopenko@ukr.net
Phone: +380442027929
Website: https://kyivcity.gov.ua/
Address: 36 Khreschatyk St., Kyiv, 01001, Ukraine

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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