Business news from Ukraine

Business news from Ukraine

EBRD allocates €16 mln for new trolleybuses in Cherkasy

The European Bank for Reconstruction and Development (EBRD) is providing a €16 million loan to Cherkasy to finance the purchase of modern trolleybuses and the modernization of the relevant infrastructure, according to a statement on the EBRD website.

The loan, fully guaranteed by the city, will be co-financed by an investment grant of up to EUR4 million from the EBRD’s Shareholders’ Special Fund and will have partial first-loss risk coverage under the EU Investment Program for Municipal Infrastructure and Industrial Resilience (UIF MIIR).

The EBRD notes that the financing will enable Cherkasyelektrotrans to expand its fleet with new low-floor trolleybuses, modernize its depot and other infrastructure, and expand and redistribute three trolleybus routes.

According to information on the Cherkasy City Council website, the project involves attracting EBRD loan funds for the purchase of trolleybuses with a range of up to 20 km.

“Cherkasy has been preparing to implement this project for almost 10 years. Due to previous debt obligations, the city was unable to obtain a loan for a long time, but after a positive conclusion from the Ministry of Finance, active work on the final decisions was carried out over two years. Currently, all key approvals have been obtained,” said Cherkasy Mayor Anatoliy Bondarenko.

Thanks to the project, Cherkasy will be able to renew up to 90% of the rolling stock of the Cherkasyelektrotrans municipal enterprise.

As reported, the rolling stock of Cherkasyelektrotrans currently includes 12-meter Bogdan trolleybuses manufactured in 2015, Belarusian BKM trolleybuses manufactured in 2012, LAZ trolleybuses manufactured in 2006 and 2008, one articulated Aviant-Kyiv trolleybus manufactured in 1997, as well as ZiU trolleybuses manufactured in the 1980s and 1990s.

Last year, local authorities announced that they wanted to purchase approximately 45 trolleybuses with EBRD loan funds. Currently, the plan is to purchase up to 44 vehicles.

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EBRD supports green transport upgrade in Cherkasy, Ukraine

€16 million, with EU support, will support procurement of modern trolleybuses and infrastructure improvements

  • With EU support, EBRD lends €16 million to Cherkasy municipal transport operator
  • Project will deliver new trolleybuses, improving accessibility and air quality
  • Initiative supports resilience of Ukraine’s cities in wartime

The European Bank for Reconstruction and Development (EBRD) is lending €16 million to the City of Cherkasy in Ukraine to finance the purchase of modern trolleybuses and the upgrade of related infrastructure for the city. The investment will strengthen sustainable urban mobility and ensure uninterrupted public transport services amid the wartime challenges facing Ukraine.

The loan, fully guaranteed by the City, will be co-financed by an investment grant of up to €4 million from the EBRD Shareholder Special Fund and will benefit from partial first loss risk cover under the European Union’s Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience Programme (UIF MIIR). This promotes green transition and resilience in Ukraine’s economy by supporting sustainable investments in green city infrastructure, greening logistics chains, energy efficiency and green technology transfers.

The financing will enable Cherkasyelektrotrans, the municipal public transport operator in Cherkasy, to expand its fleet with new low-floor trolleybuses, modernise depots and other infrastructure, and extend and realign three trolleybus routes.

The project forms part of the EBRD’s Resilience and Livelihoods Framework, aimed at safeguarding essential municipal services during wartime. It will improve mobility for residents, including internally displaced people, and significantly reduce polluting emissions, contributing to better air quality. Aligned with the Paris Agreement’s mitigation and adaptation goals, the project is classified as 100 per cent green finance.

It also promotes inclusion by increasing accessibility for passengers with limited mobility and supporting gender equality through a partnership with UN Women’s She Drives programme, which will train and certify women and youth as trolleybus drivers.

By investing in Cherkasy’s public transport system, the EBRD is helping to maintain vital services, strengthen resilience and advance Ukraine’s green transition during a time of unprecedented challenge.

The EBRD has substantially increased its investments in Ukraine since Russia began its full-scale war there in 2022, deploying more than €8.5 billion to support energy security, vital infrastructure, food security, trade and the private sector.

 

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CSD LAB Medical Laboratory opened new offices in Cherkasy and Mykolaiv

CSD LAB Medical Laboratory (Kyiv) has opened new laboratory offices in Cherkasy and Mykolaiv.

As the laboratory reports on its website, in particular, a new laboratory office was opened in Cherkasy in cooperation with the Avicenna Medical Center. The list of available services of this CSD LAB laboratory office includes more than 1500 tests, including general clinical, biochemical, immunochemical, microbiological, cytological and pathomorphological tests, as well as comprehensive tests for adults and children.

In addition, CSD LAB has expanded its network in Mykolaiv by opening two partner laboratory offices together with ZDRAVO, a modern medicine clinic in Mykolaiv.

As reported, at the beginning of 2023, the CSD LAB network included 40 laboratory offices. By the end of 2024, CSD LAB plans to increase the number of offices to 100.

CSD LAB is one of the leading laboratories in Ukraine that provides more than 1500 tests: from a complete blood count to the determination of genetic disorders in a tumor using the NGS method. For 13 years, CSD LAB has been one of the largest pathology laboratories in Eastern Europe.

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CHERKASY AIRPORT RECEIVES CERTIFICATION TO OPERATE AFTER THREE-YEAR BREAK

Cherkasy airport has received an aerodrome certificate, according to which the airport meets the requirements of Ukrainian civil aviation legislation and is suitable for aircraft operation.According to the website of Cherkasy Regional State Administration, the airport resumed certification after a three-year break. The document is valid until 2024.Also, documents have been submitted for the commissioning of the airport runway.The project for the overhaul of Cherkasy airport was launched in 2018, but the work was suspended and resumed only in the summer of 2021. The total cost of the reconstruction was about UAH 129 million.

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CONSTRUCTION OF ICE ARENA TO BEGIN IN CHERKASY

In 2022, the construction of the Ice Arena, a sports complex within the framework of the Big Construction program and the restoration of three castles under the Big Restoration program will start in Cherkasy region, President of Ukraine Volodymyr Zelensky said.
“There is our program – these are large sports unique multi-complexes. One of them will be built in Cherkasy region, several more swimming pools. The Ice Arena will be built separately. These are all programs that will begin next year. There are three castles within the Big Restoration, which are included in the program,” Zelensky told media representatives while on a working visit to Kaniv, Cherkasy region.
He also said that within the framework of the Big Restoration program, documents are also being prepared for the restoration of Kaniv center.
In addition, according to him, in 2022, a school with a playground for children and a swimming pool will appear in the city.
Speaking about roads, the President said that about 250 km of roads are planned to be repaired within the current year.
“I think that in a couple of years we will finish all the main roads in Cherkasy region,” he said.
“I believe that they have everything in Cherkasy region. There are people, there are hands, there are unique places and history. We need to bring all this into a normal high-quality form,” Zelensky said.

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VODAFONE UKRAINE LAUNCHES 4G NETWORK IN CHERKASY

Vodafone Ukraine mobile operator has launched LTE-communications (4G) in the 900 MHz band in 128 settlements of Cherkasy region, thus providing high-speed Internet for almost 110,000 people.
According to company’s press service, in particular, the operator has launched 4G coverage in the 900 MHz band in more than 1,700 settlements of Kyiv, Odesa, Vinnytsia, Zhytomyr, Khmelnytsky, Zakarpattia, Ivano-Frankivsk, Lviv, Ternopil, Rivne, Volyn, Chernivtsi and Cherkasy regions, thus giving access to services for more than one million people.
By the end of 2020, the operator plans to launch the LTE network in the 900 MHz band in all regions of Ukraine: in turn from west to east.
As reported, according to the license terms, by mid-2022 the operators should provide mobile high-speed Internet coverage in settlements with population over 2,000 people, covering 90% of the population of Ukraine. 4G coverage for roads of international and national importance is to be provided until the middle of 2024.

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