📋 Tender Overview
Project ID: 57901
Status: In Exploratory, Pending Final Review
Location: Ukraine
Industry Sector: Municipal Infrastructure
Notice Type: State
Environmental Category: B
Approval Date: 10 Nov 2026
Disclosure date: 11 Nov 2026
Project Description
A senior loan of up to EUR 9 million, split into two tranches (tranche 1 of EUR 6 million, committed at signing, and an uncommitted tranche 2 of EUR 3 million), to provide emergency support to the City of Ternopil (the "City" or the "Borrower") via liquidity financing to its District Heating ("DH") system and Public Transport ("PT") operators, to mitigate the effect of the ongoing war on the City's financial position, and to safeguard uninterrupted provision of essential municipal services to the residents, Internally Displaced Persons ("IDPs"), public institutions and local enterprises.
Given war-related risks, the loan will benefit from a partial first loss risk cover by the EU Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience ("EU UIF MIIR") Programme.
Project Objectives
The Project will play an important countercyclical role by helping the City preserve essential services and maintain resilience during a period of exceptional economic and security challenges, with a particular focus on safeguarding the reliable delivery of DH services during the upcoming heating season. By addressing a temporary but critical liquidity gap, the Project will enable the City to finance urgent expenditures, prioritise emergency
repair and maintenance works, and maintain service continuity under highly constrained fiscal and operating conditions. In the absence of the Bank's support, given the ongoing war and its effects on the local economy and ongoing forced displacement and labour market volatility, there is a high risk of disruption in provision of infrastructure services, which are vital for Ternopil's economic recovery and the City's private sector.
