The European Bank for Reconstruction and Development will offer a EUR 160 million loan for the extension of Metro Line III in Kharkiv, Ukraine. The EBRD will provide the loan, as part of a EUR 320 million financing package expected to be co-financed by the European Investment Bank.
The project involves the construction of a 3.5 km metro line extension to the southern districts of the city and construction of two stations, construction of a new depot and connecting rail and the purchase of rolling stock to service the extended line.
Kharkiv is Ukraine’s second largest municipality and a major industrial centre. The project will address key challenges in the public transport infrastructure development of the city of Kharkiv, including improving access to clean urban transport and increasing the capacity and efficiency of public transport services. The investment is expected to result in significant economic and environmental benefits through the expansion of clean, zero-emission urban rail mass transit as the backbone of Kharkiv’s public transport system to ensure sustainable mobility.
The project supports a modal shift and expansion to clean, zero-emission urban rail mass transit as the backbone of the urban transport system in the second largest city of Ukraine.
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