📋 Tender Overview
Project ID: 56328
Status: Approved
Location: Ukraine
Business Sector: Municipal Infrastructure
Notice Type: State
Environmental Category: B
Approval Date: 22 Apr 2025
Disclosure date: 24 Apr 2025
Project Description
A senior loan of up to EUR 10 million to support the City of Lviv via emergency liquidity financing for its key municipal utilities/operators who are existing clients of the Bank ("Recipients") in order to mitigate the impact of the ongoing war on the City's financial position and its residents (the "Project" or the "Facility").
The expected Recipients of liquidity support are: i) Municipal Enterprise "Lvivelectrotrans", existing client under UPTF: Lviv Trolleybus (OpID 49844), ii) Communal Enterprise "Zelene Misto", existing client under GrCF: Lviv Solid Waste (OpID 49437), and iii) Communal Enterprise "Lvivvodokanal", existing client under Lviv Wastewater Biogas (OpID 45779).
Due to war-related risks, the loan will benefit from a partial first loss risk cover under the EU Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience ("EU UIF MIIR") Programme.
Project Objectives
The Bank's loan is intended to support the key municipal utilities and the public transport operator in 2025-2026 by addressing their critical liquidity needs. This support aims to ensure uninterrupted provision of essential public services in response to direct damage from the war, increased demand for services due to a substantial number of IDPs, and the City's diminishing liquidity.
Without the Bank's support, due to the ongoing war and its impact on the local economy, forced displacement, and labour market instability, there is a significant risk of disruption to infrastructure services. This could affect the provision of infrastructure necessary for Lviv's economic stability and the City's private sector operations.
Transition Impact
ETI score: 70
The Project will contribute to the following Transition Impact qualities:
Primary - Inclusive - as with the Bank's Project, the City will have the capacity to sustain essential public services and other emergency programmes for its residents. Additionally, the Bank will assist the City to enhance the provision of services and support to its veteran community and their families.
Secondary - Resilient - as the Project will support the City and consequently its key municipal companies impacted by the broader economic effects of the war in Ukraine.
