A tranche of the EB for the Public Transport of Ukraine

by Olha Povaliaieva
Monday, February 21, 2022
A tranche of the EB for the Public Transport of Ukraine

The European Bank will provide Ukraine with funds for the development of municipal transport

Late last week, it was reported that the European Bank was preparing to send €200 million to Ukraine. This tranche is to be applied in the country to develop the car fleet of civil transport. It is planned to split the allocated amount between 18 cities of Ukraine. But the catalog is being processed, so the final list of cities will be published later.

It is known that €200 million will be spent on the renewal of electric transport. In Ukrainian cities, Metro cars, trolleybus, and tram parks will be renovated. In addition to the new equipment in Ukraine, plans to reconstruct trolleybus and tram lines with this tranche.

The government expects a little more than a year. The agreement Urban public transport of Ukraine II between the European Investment Bank and Ukraine was concluded in December 2020. Despite expectations, for Ukraine, this investment will be a step towards the development of the modern transportation industry.

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