| Project Detail |
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 Citys 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 Banks 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 Citys diminishing liquidity. Without the Banks 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 Lvivs economic stability and the Citys private sector operations. |
