Project description
and objectives:
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The proposed project will enable the Company to finance the acquisition of general purpose freight wagons, an integral part of a multi-staged Rolling Stock Renewal Programme, to renovate Ukraine Railways’ ageing fleet, which has become a critical bottleneck of the country’s transport system as the shortage and poor state of the freight rolling stock is now a potential threat to continued growth of the national economy. It is expected that the European Investment Bank will provide parallel debt financing.
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Transition
impact:
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Project will support the implementation of the approved commercialisation strategy and improve the quality and safety of its operations to meet growing demand. The areas of reform are wide-ranging and include unbundling and commercialisation of the company’s various business units. The project will also include the transfer and dispersion of skills in the areas of fleet management planning and practices and the introduction of improved managerial skills in the operation and management of Ukrzaliznytsia’s rolling stock through the adoption of the “Fleet Management Programme”.
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The client:
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Ukrzaliznytsia - The State Administration for Railway Transport of Ukraine, wholly-owned by the state of Ukraine.
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EBRD
finance:
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USD 125 million senior debt facility.
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Total project cost:
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Up to USD 441 million
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Environmental impact:
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The Project was screened C/1. Initial findings of the corporate environmental, health, safety and labour audit show that UZ has or is currently implementing environmental, health, and safety management systems that are equivalent to those used in western railways and enterprises. Environmental impacts of new freight wagons will be positive, improving railway competitive position relative to road transport; conversion of UZ’s wagon overhaul plants to new construction is not likely to present environmental problems. A corporate-wide environmental action plan will be developed to guide the Company's operations towards good international practice.
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Technical
cooperation:
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The following non-reimbursable TC is proposed:
Fleet Management Programme EUR 350,000: To provide UZ with assistance in efficient operation and maintenance of the new rolling stock (including environmental compliance) and recommendations for upgrading its wagon tracking system.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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EBRD contact:
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Igor Storchak, Operation Leader: storchai@ebrd.com
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Procurement or tendering
opportunities:
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Visit EBRD Procurement
Enquiries: Tel: +44 20 7338 6794; Fax: +44 20 7338 7472, Email: procurement@ebrd.com
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General
enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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