Sayenko Kharenko has advised the European Bank for Reconstruction and Development on a EUR 20 million financing package to support the procurement of modern trolleybuses and the upgrade of related public transport infrastructure in the city of Cherkasy, Ukraine.
According to Sayenko Kharenko, the financing comprises a EUR 16 million loan and a grant of up to EUR 4 million, both provided to Cherkasyelektrotrans, the municipal public transport operator. The EBRD loan is fully guaranteed by the City of Cherkasy and benefits from partial risk coverage under the European Union’s Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience Program. The grant will be provided from the EBRD Shareholder Special Fund.
Moreover, the firm reports that the project forms part of the EBRD’s Resilience and Livelihoods Framework, aimed at safeguarding essential municipal services during wartime. It is expected to improve urban mobility, including for internally displaced persons, while reducing polluting emissions and improving air quality. The project is aligned with the Paris Agreement’s mitigation and adaptation objectives and is classified as 100% green finance.
The Sayenko Kharenko team included Partner Igor Lozenko and Senior Associate Oles Trachuk.
Sayenko Kharenko did not respond to our inquiry on the matter.
