Translated version of this PSD: Ukrainian
The Bank is considering providing a loan to UkSATSE, the Ukrainian air navigation services provider, to finance the technological update of its equipment and operations to comply with the standards of service as required by European industry regulators.
The transition impact of this transaction is derived from its in-built support for adoption of European industry norms in terms of regulation, operational practice and service provision within the air navigation sector in Ukraine, allowing it to operate on a transparent and commercially viable basis. The challenges facing both the Company and the Regulator in this process are substantial and require constant and on-going effort in terms of the national regulation and policy review to achieve harmonisation with European industry practices.
UkSATSE – the air navigation services provider of Ukraine.
A loan of up to EUR 45 million, with the European Investment Bank (EIB) considering potential parallel financing of a similar size.
Up to EUR 90 million.
The project was categorised “B” by European Bank for Reconstruction and Development (EBRD), which means that an environmental and social analysis was required by the Bank, in accordance with the 2008 Environmental and Social Policy and Performance Requirements. The project has some environmental and social impacts which can be readily addressed through mitigation measures and an action plan.
Environmental and Social Issues and Mitigation
The client completed Human Resources (HR) Management and Environmental, and Social Questionnaires, and these have been reviewed by EBRD staff . The EBRD staff also undertook a site visit to verify the environmental and social issues and any necessary mitigation measures in September 2011. The due diligence showed that the project does not involve significant environmental and social impacts as well as the client has adequate environmental and social risk management capacities. The company is expected to be accredited of ISO 14001 by the end of 2011. The company's HR management is in line with EBRD PR2 and adheres to Europe Safety Regulation Requirements No5 Air Traffic Management Services' Personnel. Single Sky Europe as a whole is expected to reduce circuitous routings, sub-optimal flight profiles and congestion-related holding patters. This will result in reducing fuel bills and CO2 emissions. UKSATSE's participation in Single Sky Europe will contribute to these.
The Bank will monitor the project's environmental and social performance through a review of an annual environmental and social report provided by the client and site visit if deemed necessary
Envisaged technical cooperation to be sought includes assistance to both the Ukrainian air navigation services provider and air navigation services regulator in complying with the European, SES II requirements.
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (email@example.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.