PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608147

Primary Business Area

Infrastructure

Disclosure Date

Oct 4, 2023

Country

Ukraine

Region

Europe

IFC Approval Date

Jun 20, 2023

Status

Completed

Estimated Total Budget

$425,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Oct 23, 2025

Project Estimated Start Date

Jun 1, 2023

Project Estimated End Date

Dec 31, 2023

Client Legal Name

UDP Shipping

Project Description

IFC is supporting PJSC "Ukrainian Danube Shipping Company" (UDP), 100% owned by The Ministry for Communities, Territories and Infrastructure Development of Ukraine with accessing private investment and commercial financing for UDP's river cargo fleet renovation and expansion program. UDP has become increasingly critical to Ukrainian foreign trade following Russia’s invasion of Ukraine. UDP’s ageing fleet (50-60y old) requires modernization to meet demand, ensure needed resilience of Danube transport corridor, and to ensure compliance with European emission reduction regulations. IFC is providing advisory services to UDP to help identify risks and gaps that need to be addressed for UDP to access private investment and commercial financing, including by undertaking a legal, market & technical, corporate governance and environmental & social diagnostics of UDP and its fleet renovation and expansion program.

Development Results

E&S Risks / Impacts and Mitigation