The European Bank for Reconstruction and Development (EBRD) has granted a new loan of 50 million euros to Ukraine for the acquisition of new metro cars.
The bank supports the extension of the underground rail network from Kiev to Vynohradar.
Offering a clean rail transit option, the new metro line will encourage more residents to adopt advanced and environmentally friendly transportation.
the EBRD has put in place a critical infrastructure support program to ensure that critical infrastructure continues to function during the pandemic.
The loan also removes investment disruption to promote greater sustainability.
Kyiv Mayor Vitali Klitschko said: “We are delighted that our cooperation with such a reliable partner as the EBRD continues. Today we are entering a new stage in this cooperation.
“We are implementing a project to modernize the rolling stock of the Kiev metro. Thanks to the EUR 50 million loan from the EBRD, we will be able to buy 50 new metro cars. They will form up to ten metro trains. I am grateful to our partners for their cooperation and support for projects that are important to Kiev and its people.
EBRD Managing Director for Eastern Europe and the Caucasus Matteo Patrone said: “We are delighted to be able to help Kiev extend metro services to densely populated and isolated areas. Our loan will help ensure that more people in the Ukrainian capital will be able to leave their cars at home in the future and get around the city in comfort and ease.
To date, the EBRD has provided almost € 14.5 billion collectively through 486 projects in Ukraine.