EBRD Funds Metro Cars in Kyiv
A new EUR 50 million loan by the European Bank for Reconstruction and Development for the Ukrainian capital Kyiv will encourage more people to use
A new EUR 50 million loan by the European Bank for Reconstruction and Development for the Ukrainian capital Kyiv will encourage more people to use modern, efficient and environmentally friendly public transport. The Bank is supporting the expansion of Kyiv’s underground rail network to the residential district of Vynohradar by financing the acquisition of new metro cars. Kyiv, a rapidly growing city of three million people, is notorious for its road congestion. The new metro line promotes clean mass rail transit as the backbone of public transport. It will encourage more people to switch from private cars or polluting minibuses to more environmentally friendly means of transport and thus improve air quality.
Kyiv’s public transport is facing financial challenges caused by the ongoing coronavirus pandemic. In response to the crisis, and in order to keep essential infrastructure operating, the EBRD has launched a Vital Infrastructure Support Programme. The EBRD loan will also ensure that investments aimed at promoting greater sustainability will not be disrupted.