23 Jun 2023 12:01

IFC to help Ukraine upgrade municipal transport, develop tolling system for roads

MOSCOW. June 23 (Interfax) - The International Finance Corporation (IFC, part of the World Bank Group) has announced a partnership with Emso Asset Management and its Helianthus Investment DAC to improve access to finance for urban transport operators and introduce rolling stock renewal programs in Ukraine.

"As part of these efforts, IFC is looking at asset-backed finance models to bring green, inclusive transport fleets to Ukraine's cities and companies," Ukrainian media said, citing an IFC press release.

IFC and Ukraine's Ministry for Communities, Territories, and Infrastructure Development have agreed to continue cooperation to maximize private finance to develop a national tolling system for roads.

Also in the transport sector, IFC will support the Ukrainian Danube Shipping Company to modernize and expand its fleet, the press release said.

IFC's advisory projects in the infrastructure area will be implemented in partnership with the Austrian Federal Ministry of Finance.

Emso Asset Management, which has offices in London, Greenwich and Miami, specializes in managing assets on emerging markets.