Ukraine to receive EUR 200M of loans to improve public transport – Finance Ministry

Ukraine to receive EUR 200M of loans to improve public transport – Finance Ministry

Ukrinform
Ukraine will receive EUR 200 million of loans from international financial organizations within the framework of the project Urban Public Transport of Ukraine II, Ukrinform reports, referring to the Finance Ministry’s press service.

“We see an increased interest of local communities in participating in such projects and offer them further expansion of tools for the development of urban mobility. By investing in the development of public transport and its infrastructure, we stimulate the economic development of our country, creating new jobs at engineering enterprises, as well as ensuring the development of environmentally friendly domestic public transport. This is a good opportunity for the city authorities to improve the quality of life for citizens," said Deputy Finance Minister Oleksandr Kava.

Currently, Ukraine is implementing projects for the development of urban public transport, which are financed using loans from international financial organizations. As part of the implementation of the joint project with the European Investment Bank "Urban Public Transport of Ukraine I", contracts were signed for the supply of more than 90 units of modern trolleybuses and about 42 units of modern tram cars for the cities participating in the project.

On November 18, 2021, a draft law on the ratification of the financial agreement “Urban Public Transport of Ukraine II” was registered in the Verkhovna Rada. The agreement provides for a loan totaling EUR 200 million for Ukraine. These funds will be used to purchase new buses, trolleybuses, trams and subway cars. In addition, the project envisages the construction and modernization of tram and trolleybus lines and other activities in the cities of Cherkasy, Bila Tserkva, Kamianske, Dnipro, Lviv, Kremenchuk and Zaporizhzhia.

As reported, within the project "Urban Public Transport in Ukraine I," the Cabinet of Ministers adopted a resolution dated October 26, 2016 to approve a loan in the amount of EUR 200 million from the European Investment Bank. As many as 11 cities of Ukraine were involved in the project: Kyiv, Kharkiv, Lutsk, Odesa, Lviv, Zaporizhzhia, Sumy, Ivano-Frankivsk, Mykolaiv, Ternopil, and Chernihiv.

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