Implementation support to the PIU under the Ukraine Railway Modernisation Project

Item Description:

The European Investment Bank Group (EIB Group) consists of the European Investment Bank (EIB or the Bank) and the European Investment Fund (EIF).

The EIB is the financing institution of the European Union (EU). Created by the Treaty of Rome, its shareholders are the Member States of the EU, and its Board of Governors is composed of the Finance Ministers of these States. The EIB enjoys its own legal personality and financial autonomy within the Community system.

The mission of the EIB is to contribute, by financing sound investment, to the policy objectives of the EU, as laid down in its statutes and in decisions of the European Council.

The EIB contributes towards the integration, balanced development and economic and social cohesion of the Members of the EU. To this end, it raises on the markets substantial volumes of funds that aim at financing capital projects according to the objectives of the EU with the most favourable financial terms. Outside the EU the EIB implements the financial components of agreements concluded under European development aid and cooperation policies.

The EIF is the Group’s specialist provider of risk finance to benefit small and medium sized enterprises across Europe. Its shareholders are the EIB, the European Commission and a wide range of public and private financial institutions.

The EIF’s central mission is to support Europe’s small and medium-sized businesses (SMEs) by helping them to access finance. The EIF designs and develops venture capital and guarantees instruments which specifically target this market segment. In this role, the EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment. With investments in over 400 funds, the EIF is a leading player in European venture capital due to the scale and the scope of its investments, especially in high-tech and early-stage segments.

More information can be obtained on the site http://www.eif.org.

Objective of this tender

The Technical Assistance (TA) will contribute to the overall objective of the underlying investment project (Ukraine Railway Modernisation – the “Project”), namely to improve the capacity of the existing rail lines through electrification and construction of new tracks, thereby to improve the quality of rail services and allow rail to maintain or expand its modal share. The purpose of the TA is to (i) support Ukrainian Railway (Ukrzaliznytsia or UZ) (the “Promoter”) during implementation of major infrastructure works along the rail corridor; and (ii) monitor and report on compliance of the Ukraine Railway Modernisation Project to financiers’ (EIB & EBRD) requirements, including the “Safeguard Provisions”. The expected results to be achieved by the TA Consultant are as follows: (i) the Promoter, and as necessary the Borrower (Government of Ukraine) and other related Government entities, take well informed and timely decisions in relation to the Project; (ii) the financiers are duly informed of project progress and problems in a timely way; (iii) the technical and administrative skills of Promoter staff in the development, evaluation, implementation, monitoring and supervision of major investments in the rail sector are raised; and (iv) possible non-compliance of the Project with the finance contract conditions, including the Safeguard Provisions, is identified promptly and potential actions to remedy are disseminated to the right people at the right time. The assignment is expected to require one key expert and several non-key experts whose work shall predominantly be delivered in Ukraine.

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