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The proposed project will comprise of a senior loan of EUR 30 million (or its equivalent in Ukrainian Hryvnya) to the city of Kiev or one of its wholly owned municipal companies.
The Loan will finance the design and implementation of an Active Traffic Management System and Road Improvement Programme in the city of Kiev, as part of the overall City Transport Development Strategy. System operation is envisaged to be operated in line with best international practice.
In 2007 the EBRD lent EUR 100 million to the two municipal transport companies of the City for the purchase of new buses, trolleybuses and metro trains. The Active Traffic Management System, coupled with specific junction and corridor improvements, will complement and expand upon an initial city-planned and financed Urban Traffic Control (UTC) system. The investments planned here will introduce changes to the current transport system in the city that will enable a higher level of overall travel capacity by increasing vehicle throughput per lane kilometre, a lowering of congestion levels during daily peak hours, a lowering of emissions levels, lower accidents rates, and increase travel speeds for both private and public transport modes.
The project will further contribute to the institutional strengthening of the city in respect of procurement and contact supervision.
An international consultant will conduct a pre-feasibility study for Dnipro Tunnel and advise on the Public Private Partnership structuring.
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