Financed ProjectsUkrainian Railways

Identification Code:

OP/07/0659

Total Operation Cost:

550.000.000

Maturity:

77 months

Operation Status:

Description and Purpose of the Operation:

The USD 26 million syndicated medium term loan is provided to Ukrainian Railways for general corporate purposes, including renovation of the rolling stock, modernisation of tracks and upgrade and renovation of railway stations, bridges and depots.

Countries of Operation:

Ukraine (100,00 %)

Financial Product:

Loans

Sector:

Industrials

Domain:

Public

Borrower/Client:

The State Administration of Railway Transport of Ukraine (Ukrzaliznytzya) together with (1) State Enterprise "Donetsk Railways" (Donetska Zaliznytzya), (2) State Enterprise ""Trans-Dnieper Railways"" (Prydniprovska Zaliznytzya), (3) South Railways (Statute Regional Specialised Association) (Pivdenna Zaliznytzya), (4) State Regional Specialised Association ""Southwest Railways"" (Pivdenno-Zakhidna Zaliznytzya), (5) Odesa Railways (Statute State Enterprise) (Odeska Zaliznytzya) and (6) State Regional Specialised Association ""Lviv Railways"" (Lvivska Zaliznytzya)

Co-Financiers/Participants:

Bayerische Landesbank, Erste Bank der oesterreichischen Sparkassen AG, HSBC Bank plc, ING Bank N.V. Dublin Branch, Morgan Stanley Bank International Limited, OTP Bank Plc, Sumitomo Mitsui Banking Corporation Europe Limited, CALYON, Commerzbank Aktiengesellschaft, Investkredit Bank AG, Kommunalkredit International Bank Limited, Mizuho Corporate Bank, Ltd., Piraeus Bank S.A. (LONDON BRANCH), MKB Bank Zrt., Banco Finantia S.A., Emirates Bank International PJSC, Osterreichische Volksbanken AG, OJSC "SEB Bank", Mega International Commercial Bank Co., Ltd. Paris branch, Raiffeisenlandesbank Niederosterreich-Wien AG, The Export-Import Bank of the Republic of China, etc.

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The project will lead to enhancement of transportation of the Ukrainian Railways and contribute to the development of economic cooperation between BSTDB countries using services provided by Ukrainian Railways and will also create new employment opportunities for the country.

Environmental Classification and Impact (summary):

The Borrower is in compliance with national and BSTDB's environmental requirements.

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org