Early Warning System

Countries

Ukraine

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

Specific Location

City of Zhytomyr

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

Oct 15, 2024

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

Zhytomyrske Tramvaino - Troleybusne Upravlinnya

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)

$ 10.88 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 10
Converted using 2024-10-15 exchange rate.

Project Cost (USD)

$ 18.50 million

Other Related Projects

EBRD-53662 Resilience and Livelihoods Framework

Primary Source

Original disclosure @ EBRD website

Updated in EWS Oct 19, 2024

Disclosed by Bank Oct 16, 2024

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

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 10.0 million, to be co-financed by: (i) an up to EUR 3.3 million investment grant from the EBRD SSF, (ii) an up to EUR 2.7 million (equivalent of USD 3 million) investment grant from the CTF GESP, and (iii) a local contribution from the City of Zhytomyr in the amount of EUR 1.0 million.

The Loan and the grant co-financing from the SSF and CTF GESP will be used to finance the acquisition of new energy efficient low-floor trolleybuses with autonomous drive and the acquisition of electric buses with charging stations, along with essential maintenance and diagnostic equipment.

The Bank's investment will enable the Company to expand its route network by adding 4 new trolleybus routes and 2 new electric bus routes, improving the quality of transport services for the population and ensuring a sustainable public transport connection between different areas of the City. Both the autonomous trolleybuses and electric buses will be the first of their kind in the City.

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.

Categorized B (2019 ESP).Project area implementation is limited to the urban area within the boundaries of the existing urban developments, and no sensitive ecological receptors or protected zones will be affected.

The Project will not have significant adverse social impacts to local communities or other project affected parties, nor will the Project require the acquisition of land or result in involuntary resettlement or economic displacement as construction and installation of electric charging points will be conducted within the existing footprint of Company's depots.

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 10.0 million.

The Bank's loan of up to EUR 10.0 million will be co-financed by an up to EUR 3.3 million investment grant from the EBRD Shareholder Special Fund ("SSF") and an up to EUR 2.7 million (equivalent of USD 3 million) investment grant from the Clean Technology Fund under the Global Energy Storage Program ("CTF GESP") and a local contribution from the City of Zhytomyr in the amount of EUR 1.0 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.

Communal Enterprise "Zhytomyrske Tramvaino-Troleybusne Upravlinnya" is a municipal public transport operator wholly owned by the City of Zhytomyr.

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.

COMPANY CONTACT INFORMATION

Sergey Lazarev
zttu_ebrd@ukr.net
(0412)-33-40-32
https://ttu.zt.ua/
Ukraine, 10025 Zhytomyr, str. Vitruka 11

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