EBRD and Ukraine Air Traffic Services agree on extended cooperation

The European Bank for Reconstruction and Development (EBRD) and the Ukrainian State Air Traffic Services Enterprise (UkSATSE) have agreed to extend their cooperation under an air navigation system modernisation project originally negotiated in 2012.
December 2, 2015 Read time: 2 mins

The 2001 European Bank for Reconstruction and Development (EBRD) and the Ukrainian State Air Traffic Services Enterprise (UkSATSE) have agreed to extend their cooperation under an air navigation system modernisation project originally negotiated in 2012.

Under the new arrangement UkSATSE will utilise a long-term loan from the EBRD of up to US$43.6 million, which will help it implement the investment programme approved by the European Organisation for the Safety of Air Navigation (Eurocontrol).

The loan provides UkSATSE with a flexible financial solution to implement priority investments that are aligned with the current situation in the country and the different geo-political situation, bringing it towards compliance with the applicable EU performance standards. The investment programme comprises the replacement and modernisation of UkSATSE’s communication, navigation, surveillance and data processing equipment. It is of particular importance to both UkSATSE and Ukraine, as it enhances the safety and security of the air navigation service provision over the Ukrainian territory and helps increase flight efficiency for airspace users. It also contributes to harmonising UkSATSE’s standards of operations with the Single European Sky (SES) programme.

The project is expected to be supported by a parallel loan of a similar size and nature from the European Investment Bank (EIB).

For more information on companies in this article

Related Content

  • European Investment Bank supports electric cars in France
    October 15, 2012
    The European Investment bank is to lend a total of US$265 million to support the research, development and deployment of an electric-car sharing service in Paris, France. Following a loan of US$168 million to Groupe Bolloré in 2011 to support the research, development and innovation process, further financing of US$75 million was recently agreed to help fund new services and will go towards: deployment of an interconnected roadside and recharging/parking network; research, development and innovation of subs
    Read More
  • The weighty problem of truck routing enforcement
    March 17, 2015
    The growing impact of heavy commercial vehicles on urban and interurban highway infrastructures around the world is driving the need for reliable route access restriction and monitoring. The support role of enforcement is proving fertile ground for ITS development. Bridges are especially vulnerable – and critical in terms of travel delays. The US state of Oregon’s Department of Transportation (ODOT) operates what it claims is one of the country’s most aggressive truck route restriction enforcement programme
    Read More
  • European tunnel safety steps up a gear
    September 19, 2017
    David Crawford reviews the latest safety systems installed in European tunnels. Blueprints for the safer road tunnels of the future are emerging fast as European operators invest in technologies to enhance travellers’ prospects of surviving an accident. Central to modern emergency planning is the principle that, following an incident, drivers should be enabled to rescue themselves and their passengers with the aid of prompt and correct identification and communication of the hazard. Roles for cooperativ
    Read More
  • Carbon finance delivers critical support to mass transit schemes
    February 2, 2012
    David Crawford investigates carbon finance in transport. World Bank carbon finance grants are delivering critical support to major mass transit deployments in emerging and developing economies. Only recently operative in the transport sector, the Clean Development Mechanism (CDM, see panel) is designed to generate additional income streams and improve internal rates of return on projects funded from public- and private-sector sources.
    Read More

Highlighted Content