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

Kryvyi Rih

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

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

Feb 24, 2026

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 Kryvyi Rih

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

Sectors

Infrastructure
Law and Government
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)

$ 15.31 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 13
Converted using 2026-02-24 exchange rate.

Project Cost (USD)

$ 15.31 million

Bank Documents

PSD Translation (Ukrainian)

Primary Source

Original disclosure @ EBRD website

Updated in EWS May 7, 2026

Disclosed by Bank Feb 27, 2026

Contribute Information
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 13 million to provide emergency liquidity support to the City and its key municipal public transport operators in order to mitigate the effect of the ongoing war on the City's financial position and on its resident population.

In the current war environment, the Bank intends to use an available guarantee from Spain to cover 40% of the proposed loan, structured on a pari passu basis with EBRD's financing.

The Bank's loan is expected to support the key municipal public transport operators in 2026-2027 by addressing their critical liquidity needs. This support aims to ensure uninterrupted provision of essential public transport services in response to direct damage from the war, increased demand for services due to a substantial number of internally displaced people and the City's diminishing liquidity.The proceeds of the Bank's loan will support the City's vital municipal transport operators with the day-to-day running costs (i.e., payroll, utilities), maintenance costs and servicing the debt under the existing project with the EBRD (if required).

In absence of the Bank's support, given the ongoing war and the effects on the local economy and ongoing forced displacement and labour market volatility, there is a high risk of disruptions in infrastructure services provision, compromising infrastructure service delivery, which is needed both for Kryvyi Rih's economic recovery and the private sector in the City. The Bank's liquidity support is therefore important to help reduce these risks, support the continued delivery of critical services and contribute to the City's economic resilience during the war.

The city of Kryvyi Rih is a large industrial centre with a population of approximately 640,000 people, located in the southeast of Ukraine, in Dnipropetrovsk region. Given its large population, industrial base and strategic economic role, Kryvyi Rih has historically been one of the most important industrial cities in the country and among the key contributors to Ukraine's industrial output and export capacity. Given its location and important regional economic role, the City has become a natural destination for internally displaced people (IDPs) since the beginning of the war.

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 provision of short-term working capital to support liquidity of the City to compensate for temporary revenue losses and additional expenses due to the ongoing war and also to support with operating and maintenance costs to the existing client and a municipal tram operator is not associated with any new environmental or social ("E&S") risks or impacts.

Investment Description

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

European Bank for Reconstruction and Development (EBRD)

A senior loan of up to EUR 13 million.

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 recipients of liquidity support from the City are expected to be: (i) the Communal Enterprise "Miskyi Trolleybus", existing client of the Bank under UPTF - Kryvyi Rih Trolleybus (OP ID 48988), (ii) the Communal Enterprise "Shvydkisnyi Tramvay", a municipal tram operator.

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.

Osiyuk Alla Yevheniivna
depfin@kr.gov.ua
+380564991520
https://kr.gov.ua/
1 Molodizhna Square, Kryvyi Rih, Dnipropetrovsk Region, 50101, 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