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EBRD commits €250 million
to urban transport renewal in Ukraine
EBRD Ukraine, Kyiv, Ukraine,
Tue, July 30, 2019
The city of Poltava will be able to replace two thirds of its ageing trolley buses
- EBRD launched € 250 million Ukraine Public Transport Framework II
- Poltava the first municipality to join and procure 40 new trolley busses
- EU Municipal Project Support Facility to support investment with a €450,000 grant
The population of Poltava will soon enjoy journeys on up to 40 new energy efficient and ecologically friendly trolley low-floor buses thanks to a €10 million EBRD loan.
The project will be the first investment under the new €250 million Ukraine Public Transport Framework II, recently approved by the Bank’s Board.
The financing will be extended to the municipal transport company Poltavaelectroavtotrans, which operates 10 trolleybus routes with a total length of 194 kilometres in the central Ukrainian city of 300,000.
The loan will help procure rolling stock with improved accessibility, which will be up to 25 per cent more energy efficient than current vehicles, maintenance and diagnostic equipment as well as modernise traction substations. It will also help reduce black carbon and nitrous oxides emissions.
The investment programme will benefit from almost €450,000 in grant support provided by the EU Municipal Project Support Facility.
The EBRD is the largest international financial investor in Ukraine. Since the start of its operations in the country in 1993, the Bank has made a cumulative commitment of almost €13.6 billion through 432 projects in the country.