Minister of Infrastructure Volodymyr Omelian and Vice-President of the European Investment Bank Vazil Hudák signed a financial agreement to support urban public transport in Ukraine.
The project covers municipal schemes involving the purchase of new or modernisation of existing rolling stock, e.g. trolleybuses, trams and buses, and the rehabilitation and construction of public transport infrastructure such as tram lines, bus lanes, stations and depots.
The project is called to improve the quality of providing public transportation services and to ensure sustainable operation and further development of existing public transport systems.
The project is aimed to retrofit the fleet of passenger transport in Kyiv, Bila Tserkva, Ivano-Frankivsk, Kremenchuk, Lutsk, Lviv, Odessa, Sumy, Ternopil, Kharkiv and Chernihiv.
The EIB is lending EUR 200 million to the Ministry of Transport of Ukraine to support sustainable municipal transport under the state guarantee to the term of up to 22 years with a grace period of up to 5 years. The project will be co-financed by the European Bank for Reconstruction and Development, from local budgets and final beneficiaries.
The urban public transport development project will contribute to the implementation of the National Urban Public Transport programme promoted by the Government of Ukraine.
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