Asters has advised the International Finance Corporation on a EUR 13.7 million financing to the city of Kryvyi Rih.
According to the firm, the city of Kryvyi Rih has Ukraine's largest industrial park and a population of nearly 630,000 people.
"The investment consists of EUR 10.2 million of IFC own-account financing and EUR 3,5 million in blended finance through the Clean Technology Fund," Asters informed. "The financing will be directed at upgrading the city's transport system by purchasing 15 new tramcars and updating the existing ones as well as improving the environment by developing an urban transportation plan to promote the alternative transport types."
The Asters team consisted of Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associates Inna Bondarenko and Viktoria Zagreba.