EIB allocates Kharkiv EUR 10 mln for trolleybuses

The European Investment Bank (EIB) has granted a EUR 10 million loan to the city of Kharkiv for the purchase of new trolleybuses under the Ukraine Urban Public Transport Project, the Ukrainian Infrastructure Ministry has reported.

"The European Investment Bank provided a loan worth EUR 10 million to Kharkiv for the purchase of 49 new trolleybuses. This will accelerate the renewal of the city's fleet with eco-friendly and energy-efficient electric vehicles. The new rolling stock will allow 1.4 million city residents to take advantage of environmentally friendly and energy-efficient transport infrastructure," the report says.

It notes that Kharkiv will receive a loan as part of the Ukraine Urban Public Transport Project, which is implemented jointly by the EIB and the Ministry of Infrastructure of Ukraine.

As Ukrinform reported, the Ukraine Urban Public Transport Project, a financial agreement between Ukraine and the EIB, was ratified by the Law of Ukraine of April 12, 2017. It envisages the implementation of 21 subprojects for the development of urban passenger transport in 11 cities of Ukraine.

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