Asters has advised the International Finance Corporation on an up to EUR 35 million financing to the City of Zaporizhzhia.
According to Asters, to support the city's efforts to improve the quality of life for its citizens, IFC's investment will help the municipality rehabilitate up to 2 kilometers of roads, purchase modern battery-electric trolleybuses and electric buses, and upgrade the electric transport infrastructure. It will also support the installation of message boards featuring information on traffic conditions that will minimize travel time. IFC will also help install municipal smart city infrastructure to optimize traffic management and enable real-time monitoring of heat and water pipe pressure. The investment consists of EUR 33 million of IFC own-account financing and EUR 2 million in blended finance through the Clean Technology Fund.
Asters’ team included Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associates Inna Bondarenko and Viktoria Zagreba.