EBRD provides €50m loan to Ukraine for new metro cars’ acquisition
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EBRD provides €50m loan to Ukraine for new metro cars’ acquisition

01 Mar 2021

The European Bank for Reconstruction and Development (EBRD) has provided a new €50m loan to Ukraine for the acquisition of new metro cars.

EBRD provides €50m loan to Ukraine for new metro cars’ acquisition
The new metro line will encourage more residents to switch to state-of-the-art, environment-friendly means of transport. Credit: EBRD.

The European Bank for Reconstruction and Development (EBRD) has provided a new €50m loan to Ukraine for the acquisition of new metro cars.

The bank is providing support for Kyiv’s underground rail network expansion to Vynohradar.

Offering a clean mass rail transit option, the new metro line will encourage more residents to switch to state-of-the-art, environment-friendly transportation.

The EBRD has introduced a Vital Infrastructure Support Programme to ensure the essential infrastructure continues to operate during the pandemic.

The loan also removes the disruption of investments for promoting 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 of this cooperation.

“We are implementing a project to upgrade the rolling stock of the Kyiv metro. With the help of the €50m EBRD loan, we will be able to buy 50 new metro cars. They will make up to ten metro trains. I am grateful to our partners for their cooperation and their support for projects that are important to Kyiv and its residents.”

EBRD Eastern Europe and the Caucasus managing director Matteo Patrone said: “We are pleased to be able to support Kyiv in expanding metro services to densely populated and remote areas. Our loan will help ensure that more residents of the Ukrainian capital will in the future be able to leave their cars at home and travel around the city in comfort and at ease.”

As of now, EBRD has provided almost €14.5bn collectively through 486 projects in Ukraine.