As stated on the project disclosure page, IFC is supporting PJSC "Ukrainian Danube Shipping Company" (UDP), 100% owned by The Ministry for Communities, Territories and Infrastructure Development of Ukraine with accessing private investment and commercial financing for UDP's river cargo fleet renovation and expansion program. UDP has become increasingly critical to Ukrainian foreign trade following Russia’s invasion of Ukraine. UDP’s ageing fleet (50-60y old) requires modernization to meet demand, ensure needed resilience of Danube transport corridor, and to ensure compliance with European emission reduction regulations.
IFC is providing advisory services to UDP to help identify risks and gaps that need to be addressed for UDP to access private investment and commercial financing, including by undertaking a legal, market & technical, corporate governance and environmental & social diagnostics of UDP and its fleet renovation and expansion program.
As stated by the IFC, PJSC "Ukrainian Danube Shipping Company" is 100% owned by The Ministry for Communities, Territories and Infrastructure Development of Ukraine.
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Client - PJSC "Ukrainian Danube Shipping Company":
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