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CMS advises EBRD on supporting renovation of public transport in Mariupol
CMS Cameron McKenna,
Kyiv, Ukraine, Mon, July 16, 2018
CMS Cameron McKenna Nabarro Olswang in Kyiv is pleased to announce that our law firm has recently advised the European Bank for Reconstruction and Development (EBRD) on a €13 million loan to the communal enterprise Mariupolske Tramvaino-Troleybusne Upravlinnya (MTTU). The EBRD’s investment will be used for the acquisition of up to 72 low-floor trolleybuses for the city of Mariupol, spare parts and maintenance equipment as well as upgrading the trolleybus depot and the reconstruction of the catenary network. As an integral part of the project, which is implemented under the Ukraine Public Transport Framework, approved by the EBRD in 2015, the improvement of quality and efficiency of municipal transport will be achieved by reducing the trolleybus fleet’s energy consumption and connecting currently isolated districts to the existing trolleybus network.
We acted as English and Ukrainian law counsel to the EBRD. The CMS team was led by Simon Dayes, English qualified banking & finance partner, and senior associate Vyacheslav Ovechkin.
Commenting on the cooperation with the EBRD, Vyacheslav Ovechkin said: “We are very pleased to support the EBRD in providing financings aimed at improvement of public transportation in Ukraine."
For more information and/or interviews, please contact:
CMS Cameron McKenna Nabarro Olswang
Founded in 1999, CMS is a full-service top 10 international law firm, based on the number of lawyers (Am Law 2016 Global 100). With 74 offices in 42 countries across the world, employing over 4,500 lawyers, CMS has longstanding expertise both at advising in its local jurisdictions and across borders. CMS acts for a large number of Fortune 500 companies and the FT European 500 and for the majority of the DAX 30.
CMS provides a wide range of expertise across 19 expert practice and sector areas, including Corporate/M&A, Energy, Funds, Lifesciences, TMC, Tax, Banking and Finance, Commercial, Competition & EU, Dispute Resolution, Employment & Pensions, Intellectual Property and Real Estate & Construction. For more information, please visit cms.law