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IFC invests in infrastructure to improve cross-border connectivity, including roads, ports, information and communication technology, logistics, and energy.
In fiscal year 2018:
- IFC signed an agreement to help the Government of Bulgaria, together with EBRD, to structure and implement a concession for the operations, maintenance and further development of Sofia Airport.
- In Kazakhstan, IFC acted as the lead arranger for the PPP to design, build, finance, operate, and maintain the 66-km toll road. A 20-year concession agreement between the Ministry for Investments and Development of Kazakhstan and Turkish-South Korean Consortium was signed in February 2018. This is the first PPP of this type and magnitude in Kazakhstan.
- IFC and Ukraine’s Ministry of Infrastructure signed a Memorandum of Understanding to launch PPPs and mobilize private investment into the country’s transportation sector. IFC will help structure PPP projects at two Ukrainian ports—Olvia, and Kherson Sea Trade Port. IFC will also explore the potential of structuring a PPP for a railway-ferry terminal complex at Chornomorsk Port. The projects are critical for Ukraine, a leading grain exporter, where dated infrastructure often impedes the efficient movement of goods. The partnership marks IFC’s first advisory-related PPP project in Ukraine.
- IFC, EBRD, and the Dutch Development Bank FMO joined forces to finance improvements in the electricity distribution network in Turkey’s Osmangazi region in Western Anatolia. The financing package of Turkish Lira equivalent of $330 million to Osmangazi Elektrik Dagitim A.S (OEDAS), will help to upgrade, modernize and expand the distribution network which serves around 2.7 million people in 194 towns and 1,596 villages. IFC extended a loan worth $80 million, the EBRD provided $110 million and FMO is contributed $65 million.