Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

26 Jul 2011



PSD disclosed:

16 May 2011

Translated version of this PSD: Ukrainian

Project Description

The Bank is considering a loan to Interleaseinvest LLC to part-finance the acquisition of approximately 3,000 new freight railcars in order to meet the growing demand for the Company’s services.

Transition Impact

The transition impact of the proposed investment is expected to arise from:

(i) Support of the railway sector reform via increased private sector participation and more widespread private ownership. The Bank’s support of Interleaseinvest's expansion strategy would allow it to take advantage of the opportunities presented by the growing railway transportation market in Ukraine. This in turn would expand private ownership in the railway sector in Ukraine.

(ii) Fostering competition via supporting the expansion of an independent provider of rail transportation and leasing services.

The Client

Interleaseinvest LLC is one of the leading privately owned providers of rail cargo transportation and freight railcar operating lease services to corporate clients in Ukraine. The Company currently owns and operates approximately 1,200 railcars and serves clients from key Ukrainian industries.

EBRD Finance

The Bank’s transaction involves a senior A/B loan in the amount of up to US$ 90 million, part of which may be syndicated to commercial banks.

Project Cost

US$ 300 million.

Environmental Impact

Categorised B. The due diligence has been conducted by the Bank on the basis of the environmental and social questionnaire. The ESDD identified that operations of the Company are not associated with any significant environmental or social risks. The Company has in place occupational heath and labour and fire safety and environmental protection management system and procedures. General Director of the Company has overall responsibility for environmental, health and safety issues, while relevant plans of actions and specific job instructions are developed by the specially trained engineer responsible for the organisation of labour (ergonomics).

No stand-alone Environmental and Social Action Plan is required for the Project; the Company will need to comply with the Bank Performance Requirements and submit annual environmental and social reports satisfactory to the Bank.

Technical Cooperation


Company Contact

Konstantin Misakov
Inter Car Group
Oskolskaya Street, 31
Kiev 03028, Ukraine

Tel: +380 44 496 86 96
Fax: +380 44 496 33 98

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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Text of the PIP

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