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Sayenko Kharenko Advises EBRD on EUR 25 Million Financing to Restore Mykolaiv Drinking Water Supply Infrastructure

Sayenko Kharenko Advises EBRD on EUR 25 Million Financing to Restore Mykolaiv Drinking Water Supply Infrastructure

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Sayenko Kharenko has advised the European Bank for Reconstruction and Development on a EUR 25 million finance package to City Communal Enterprise Mykolayivvodokanal.

Mykolayivvodokanal is the urban water utility company of the city of Mykolaiv, a city in the south of Ukraine with a population of approximately 430,000 people. 

According to Sayenko Kharenko, “the finance package includes a EUR 10 million loan extended by EBRD under a guarantee from Spain along with a EUR 9.8 million investment grant component provided by Denmark and a EUR 5 million investment grant from the Eastern Europe Energy Efficiency and Environment Partnership. This finance package, which was signed at the Ukraine Recovery Conference in Berlin, will be used to rehabilitate the port and ship-building city’s potable water supply and treatment infrastructure that have been in poor condition as a result of war damage.”

Previously, Sayenko Kharenko advised the EBRD on a EUR 60 Million biofuels financing in Ukraine (as reported by CEE Legal Matters on June 24, 2024) and a EUR 20 Million equivalent loan to Bank Lviv (as reported by CEE Legal Matters on June 19, 2024). In 2023, the firm advised the EBRD on a USD 30 million loan to Astarta Holding (as reported by CEE Legal Matters on September 7, 2023).

The Sayenko Kharenko team included Partner Igor Lozenko, Senior Associate Oles Trachuk, and Junior Associate Artem Medvetskyi.