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

  • Receiving real time passenger information in Finland
    February 3, 2012
    David Crawford sees lively prospects for Finnish innovation
    Read More
  • ASECAP widens its influence and fosters debate in Dubrovnik
    August 5, 2013
    Jason Barnes reports from the ASECAP Days 2013 event, which took place in Dubrovnik. ASECAP, the European tolling association held its 41st annual Study and Information Days event in Dubrovnik, Croatia, which attracted more than 200 figures from the road infrastructure sector in Europe and beyond. A series of presentations over two days brought attendees up to date with developments in a variety of policy and technology fields and discussed a number of developing and new topics, such as GNSS-based tolling a
    Read More
  • Towards intelligent road infrastructure
    October 8, 2021
    A digital transformation is happening in the world today and the result is that Europe’s transport infrastructure, and also the car industry are experiencing revolutionary changes. Jēkabs Krastiņš looks at the challenges and plots the road ahead.
    Read More
  • Ertico partners in step for Europe-wide cooperative traffic systems
    December 5, 2012
    According to Ertico, the future of traffic management on urban and inter-urban networks will rely on direct communication and interaction between vehicles and the infrastructure, using new technologies called cooperative intelligent transport systems (C-ITS) that support real-time exchange of traffic data. This cooperation can enable a wide range of applications such as vehicle-sourced data collection, green light and speed advice, automated hazard detection, selective vehicle priority, dynamic city logisti
    Read More

Highlighted Content