Preliminary Investment Feasibility Study
Project Status
Investment Feasibility Study
Entry into Portfolio
State level of SPP
Implementation
Completion
- General information
- Strategic Case
- Economic Case
- Commercial Case
- Financial Case
- Management Case
- Summary
General information
Description of the project
Currently, the transport system of Dnipro cannot provide quality services for residents and guests of the city, the surface transport system, based on the use of buses and minibuses, is unable to ensure the efficiency of urban transportation, especially against the background of an increase in the number of cars, which leads to traffic jams. The project is included in the General Plan for the Development of Transport Infrastructure in the City of Dnipro and is aimed at developing the public transport system in the central part of the city. The project is designed to improve public transport services in the city of Dnipro within the framework of an overall strategy aimed at ensuring sustainable and clean functioning of public transport in the city of Dnipro
The purpose of the project
Main Goal:
Improving the condition of infrastructure
Secondary Goal:
Improving the quality of services
Description of the purpose of the project and ways to achieve it
The main goal of the project is to improve public transport services in the city of Dnipro. Economic aspects: Increasing the profitability of passenger transportation by up to 300%; Increasing the volume of passenger transportation to 106 million passengers/year. Social aspects: Improving the existing passenger transport system in the central part of the city. Development of convenient, environmentally friendly transport of the city and modernization of infrastructure to modern social standards. Security aspects: Considering the relevance of the availability of safe civil infrastructure, the completion of the Dnipro metro is a direct result of the development of the city's civil protection system as a shelter of the highest level of protection. Environmental aspects: The expansion of the metro system in the city of Dnipro is directly related to ensuring the possibility of reducing the use of traditional passenger and private transport in the central part of the city, which will allow expanding the existence of pedestrian and public areas, increasing environmental performance and achieving high social indicators of improvement.
The project involves the construction of a second section of the metro consisting of three stations
Problems and solutions resulting from project implementation
Given that the registered population of Dnipro is about one million people and includes a significant number of workers and students, the existing transport system, which was initially based on the use of buses and minibuses, is no longer able to ensure the efficiency of urban traffic, especially against the background of an increase in the number of cars, which leads to traffic jams. The expansion of the metro system in Dnipro is directly related to ensuring the possibility of reducing the use of traditional passenger and private transport in the central part of the city, which will allow expanding the existence of pedestrian and public areas, increasing environmental performance and achieving high social indicators of improvement.
It is necessary to connect the upland area of the city, which has a large number of educational institutions, with the railway and bus stations and factories of the city, by underground transport.
Socio-economic context
Indicator
Value
Number of people who will use the service
106 mln people
Strategic Case
Strategic feasibility of the project
Sector
Transport Sector
Subsector
Public Transport
Stream
Comprehensive development of public transport and urban infrastructure
Strategic document
National Transport Strategy of Ukraine until 2030
Task
2 Promoting urban mobility and developing a network of parking areas (including for bicycles) and passenger terminals, taking into account European experience in implementing sustainable urban mobility plans
Project objectives
Indicator
Base value
Target value
Construction of three new metro stations in the central part of Dnipro. "Teatralna", "Tsentralna", "Historical Museum"
0 units
3 units
Project Sustainable Development Goals
Demand for the service and its dynamics
What methodology was used to estimate demand?
Статистичний та соціологічний
[Response was provided in the Preliminary Investment Feasibility Study]
Has data from external sources been used in the demand assessment?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Does the demand forecast take into account the latest demographic and economic forecasts?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Indicator
Year
Demand
Annual demand for services/infrastructure
1
80 mln people
Annual demand for services/infrastructure
2
80 mln people
Annual demand for services/infrastructure
3
100 mln people
Annual demand for services/infrastructure
4
100 mln people
Annual demand for services/infrastructure
5
100 mln people
Economic justification
Analysis of the project's impact on ecology and climate change
Does the planned activity have a potential positive contribution to achieving climate or environmental objectives?
Climate change adaptation
[Response was provided in the Preliminary Investment Feasibility Study]
Pollution prevention and control
[Response was provided in the Preliminary Investment Feasibility Study]
Sustainable use and protection of water and marine resources
[Response was provided in the Preliminary Investment Feasibility Study]
Climate change mitigation
[Response was provided in the Preliminary Investment Feasibility Study]
Is the proposed project expected to significantly harm any of the following climate or environmental objectives?
None of the options are applicable
Does the planned activity have a potential positive contribution to achieving climate or environmental objectives?
Pollution prevention and control
[Response was provided in the Investment Feasibility Study]
Climate change adaptation
[Response was provided in the Investment Feasibility Study]
Climate change mitigation
[Response was provided in the Investment Feasibility Study]
Is the proposed project expected to significantly harm any of the following climate or environmental objectives?
None of the options are applicable
Have the greenhouse gas emissions or emission reductions (Scope 1-2) associated with the project been calculated for a typical year and the entire project period?
No
[Response was provided in the Investment Feasibility Study]
Does the project require an environmental impact assessment (EIA) in accordance with the Law of Ukraine "On Environmental Impact Assessment"?
Yes, it was conducted
[Response was provided in the Investment Feasibility Study]
Project sustainability and inclusivity
Identify potential gender risks of the project and indicate possible ways to overcome them:
None of the options are applicable
Does the project provide for improving women's access to services?
The project will improve women's access to education (primary, secondary, vocational)
[Response was provided in the Preliminary Investment Feasibility Study]
The project will create jobs available to women (temporarily or permanently)
[Response was provided in the Preliminary Investment Feasibility Study]
The project will improve women's access to safe water, food, and medical services
[Response was provided in the Preliminary Investment Feasibility Study]
Are civil society organizations representing women and vulnerable groups included in the consultation process?
No
[Response was provided in the Preliminary Investment Feasibility Study]
Were consultations held with representatives of target groups to take into account gender equality issues in the project?
No consultations were held with target groups.
[Response was provided in the Investment Feasibility Study]
Have the gender risks and social impacts of the project been assessed?
None of the options are applicable
Are there management and institutional mechanisms in place to ensure gender equality?
Not provided for by the project
[Response was provided in the Investment Feasibility Study]
Alternative technical solutions
Technical Solution 1
Completion of construction of the metro in Dnipropetrovsk
Technical Solution 2
Development of the city's ground transport
Cost breakdownCost justificationCost justification
Project cost (preparation and implementation)15'680'346'180 UAH21'210'000'000 UAH
For preparation30'000'000 UAH210'000'000 UAH
For implementation15'650'346'180 UAH21'000'000'000 UAH
Project operation and closure cost200'000'001 UAH5'000'000'000 UAH
For operation200'000'000 UAH5'000'000'000 UAH
For closing1 UAH0 UAH
Average annual costs400'000'000 UAH0 UAH
Project duration, incl.162 months144 months
Deadline for developing a FFS120 months24 months
Implementation period42 months120 months
Service life1200 months600 months
Target indicatorsDefined Defined
Technical Solution Status
Active
[The technical approach was selected for further detailed analysis or implementation.]
Rejected
[The technical approach was not selected for further detailed analysis or implementation.]
Components of a technical solution
Commercial Justification
Supplier and contractor market assessment
Is the project likely to attract a sufficient number of bidders to ensure real competition that will encourage bidders to think innovatively and maximize the quality of their proposals?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Is the project of interest to small and medium-sized enterprises?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Will the project involve national or international suppliers and contractors?
Yes, both national and international
[Response was provided in the Preliminary Investment Feasibility Study]
Has an analysis of available procurement options been conducted for the technical solution?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
What procurement strategy was chosen for the project implementation, and what justifies its feasibility in the context of the market and project objectives?
В рамках Проєкту залучення ринку та закупівель проводиться за Принципами та Правилами закупівель ЄБРР, згідно умов Кредитних угод та діючого законодавства щодо закупівель.
[Response was provided in the Investment Feasibility Study]
What approaches are planned to be used to ensure transparency, competition, and efficiency in the procurement process?
Публікація тендерних оголошень у міжнародних (EBRD Client E-Procurement Portal) та національних (Prozorro) електронних системах закупівель. Забезпечення вільного доступу до тендерної документації для всіх зацікавлених учасників.
[Response was provided in the Investment Feasibility Study]
What types of procurement procedures are envisaged by the project (open tender, negotiated procedure, competitive dialogue, etc.)?
Open competitive bidding
[Response was provided in the Investment Feasibility Study]
Pre-market engagement
Проведено робочі зустрічі з консультантами ЄБРР та фахівцями у сфері міського рейкового транспорту.
[Response was provided in the Investment Feasibility Study]
Potential market participants
У процесі підготовки проєкту проведено низку попередніх консультацій з потенційними підрядниками та постачальниками обладнання
[Response was provided in the Investment Feasibility Study]
Market readiness assessment
Ринок загалом готовий до реалізації проєкту за умови залучення міжнародних підрядників та постачальників у поєднанні з вітчизняними виконавцями допоміжних робіт. Основні ризики пов’язані з логістикою спеціалізованого обладнання, валютними коливаннями та регуляторними процедурами, але вони можуть бути мінімізовані через поетапне планування закупівель, фіксацію умов у контрактах та залучення досвідчених консультантів.
[Response was provided in the Investment Feasibility Study]
Financial justification
Total project budget
Total preliminary budget15'880'346'181 UAH26'210'000'000 UAH
Project cost (preparation and implementation)15'680'346'180 UAH21'210'000'000 UAH
For preparation30'000'000 UAH210'000'000 UAH
For implementation15'650'346'180 UAH21'000'000'000 UAH
Project operation and closure cost200'000'001 UAH5'000'000'000 UAH
For operation200'000'000 UAH5'000'000'000 UAH
For closing1 UAH0 UAH
Were the methodological recommendations approved by the Ministry of Finance of Ukraine applied when calculating the indicative budget?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Were the methodological recommendations approved by the Ministry of Finance of Ukraine applied when calculating the indicative budget?
Yes
[Response was provided in the Investment Feasibility Study]
Average project cost per service recipient
Service UnitВартість одного проїзду
Service Unit Cost8 UAH
Profitability of the project
Is the project expected to generate income?NoNo
Is the project self-sustaining?No
Availability of services
Has an analysis been conducted of the accessibility of services for consumers and their financial ability to pay the established tariffs?
No – analysis not performed
[Response was provided in the Preliminary Investment Feasibility Study]
Project Financing Mechanisms
Are funding sources and mechanisms identified?
Source and MechanismYesNo
Funding Sources
Approved Funds351'000'000 UAH0 UAH
Expected Funds3'610'800'000 UAH0 UAH
Public-private partnership
Has a qualitative and quantitative assessment of the project's suitability for implementation through a PPP mechanism been conducted?
The project does not fall under the PPP format by its nature/character
[Response was provided in the Preliminary Investment Feasibility Study]
Are there, after conducting an appropriate study, private investors interested in the possibility of implementing the project in the PPP format?
No
[Response was provided in the Preliminary Investment Feasibility Study]
Management Rationale
Team competencies
Determine which competencies/expertise required for successful project preparation and implementation can be provided by the project initiator's own project team (without involving external advisors)
None of the options are applicable
Does the team have experience implementing similar projects?
Yes, successfully implemented 1 or more similar projects
[Response was provided in the Preliminary Investment Feasibility Study]
Identify which competencies/expertise required for successful project preparation and implementation need to be strengthened by engaging independent experts or consultants
None of the options are applicable
Is there an understanding of where to find relevant experts and consultants?
No, I need help.
[Response was provided in the Preliminary Investment Feasibility Study]
Is the project management structure defined: working group, chair, project team?
Yes
[Response was provided in the Investment Feasibility Study]
What categories of experts and consultants have already been involved at the project preparation stage?
Specialists in interaction with international financial organizations (IFOs)
[Response was provided in the Investment Feasibility Study]
Environmental experts
[Response was provided in the Investment Feasibility Study]
Financial consultants/modelers
[Response was provided in the Investment Feasibility Study]
Legal consultants
[Response was provided in the Investment Feasibility Study]
Commercial experts
[Response was provided in the Investment Feasibility Study]
Economic analysts
[Response was provided in the Investment Feasibility Study]
Strategic consultants
[Response was provided in the Investment Feasibility Study]
Technical experts
[Response was provided in the Investment Feasibility Study]
Social/gender consultants
[Response was provided in the Investment Feasibility Study]
Management experts / project managers
[Response was provided in the Investment Feasibility Study]
Are there plans to involve experts and consultants for further implementation of the project?
No
[Response was provided in the Investment Feasibility Study]
Risk assessment
Technical riskDefinedUndefined
Other riskDefinedUndefined
Organizational events
ResponseDefinedUndefined
Team involvement
How exactly are/will stakeholders be involved?
Focus group
[Response was provided in the Investment Feasibility Study]
Online survey
[Response was provided in the Investment Feasibility Study]
Meetings with local authorities
[Response was provided in the Investment Feasibility Study]
In another way
[Response was provided in the Investment Feasibility Study]
через інформаційні стенди на будівельних майданчиках, гарячу лінію для запитів, участь у міських форумах з питань транспорту
Public consultations
[Response was provided in the Investment Feasibility Study]
Public hearings
[Response was provided in the Investment Feasibility Study]
When are/will engagement activities be taking place?
At the project monitoring stage
[Response was provided in the Investment Feasibility Study]
At the project implementation stage
[Response was provided in the Investment Feasibility Study]
At the project preparation stage
[Response was provided in the Investment Feasibility Study]
How is/will the public be informed about the importance of participation and available channels for feedback?
None of the options are applicable
Are public hearings being held/will they be held (offline, online)?
Public hearings are not planned.
[Response was provided in the Investment Feasibility Study]
https://dniprorada.gov.ua/uk/page/realizaciya-proektu-zavershennya-budivnictva-metropolitenu-u-m-dnipropetrovsku
Who will attend the public hearings?
Representatives of public organizations
[Response was provided in the Investment Feasibility Study]
Experts
[Response was provided in the Investment Feasibility Study]
Community representatives
[Response was provided in the Investment Feasibility Study]
Government officials
[Response was provided in the Investment Feasibility Study]
Other representatives
[Response was provided in the Investment Feasibility Study]
представники бізнесу, технічні консультанти, фінансові партнери, представники ЄБРР/ЄІБ
Public hearings have already been held
Yes
[Response was provided in the Investment Feasibility Study]
https://dniprorada.gov.ua/uk/page/realizaciya-proektu-zavershennya-budivnictva-metropolitenu-u-m-dnipropetrovsku
Results of the feasibility analysis
Project Preparation Program Engagement and Funding Needs
Is there ongoing cooperation or support within the framework of international technical assistance (ITA) or from other donor or government agencies?
No
[Response was provided in the Preliminary Investment Feasibility Study]
Does the project require preparation assistance from Project Preparation Programs (PPF)?
None of the options are applicable
Does the project require additional preparation assistance from Project Preparation Facilities (PPF)?
None of the options are applicable
Need for financing
Does the project require additional funding for preparation?
No
[Response was provided in the Preliminary Investment Feasibility Study]
Project Approval History
DateDecision NumberPortfolioProject StatusDecisionReasonsMaturity level
14/08/2025SP-N-140825-7B10CA06State SPInvestment Feasibility StudyInclude--
01/10/2025SPP-N-011025-9A7960F0State SPPInvestment Feasibility StudyInclude-44