Thursday, March 9, 2023
The European Bank for Reconstruction and Development will grant UZ an emergency support loan under sovereign guarantees of €200M. The bank’s board of directors plans to consider the related project at a meeting on May 10, 2023. The loan consists of €100M of emergency capital investment financing and €100M of capital structure support. It is expected that guarantees from G7 and EU donors will secure 50% of the loan. The loan will help UZ increase its cross-border capacity with the EU and repair the railway track sections that were damaged by the war. With these funds, the company will be able to restore key railway corridors on the border with the EU and purchase rolling stock to provide comprehensive solutions for expanding the capacity of railway corridors with the EU.