Dnipro Tunnel PPP in Kiev
Publisher: CEE Bankwatch Network
Volume: 3 pages, pdf
Description:
In September 2008 the EBRD issued a USD 30 million loan for the Kiev City Traffic Management project which involves the planned construction of a major tunnel under the river Dnipro. Despite rising costs of now about USD 1.0 billion, no justification has been provided as to why this highly controversial tunnel has been chosen among other solutions to Kiev’s transportation problem. Instead of supporting a costly and economically risky project whose planning process is non-transparent and doesn’t answer the most probing questions, the EBRD should push the Kiev City Council to focus on sustainable development of the city transport infrastructure, based on thorough strategic planning and the examination of alternatives including soft measures to reduce congestion.