Ukraine could get €200 million to renew public transport

The Ministry of Finance of Ukraine reported Ukraine would receive €200 million to renew public transport within the financial agreement "Urban Public Transport of Ukraine II".

Currently, projects for the development of urban public transport are being implemented in Ukraine. They are financed by loans from international financial organizations.

On November 18, 2021, the Verkhovna Rada of Ukraine registered the Draft Law on the Ratification of the Financial Agreement "Urban Public Transport of Ukraine II". Within the framework of this agreement, it is envisaged to provide Ukraine with a loan of €200 million. These funds will be allocated for the purchase of new buses, trolleybuses, trams and metro cars.

Besides, within the framework of the project, it is planned to build and revamp tram and trolleybus lines and other works in Cherkasy, ​​Bila Tserkva, Kamianske, Dnipro, Lviv, Kremenchuk and Zaporizhzhia. Funds for the purchase of rolling stock of urban public transport will be distributed among the cities of Ukraine that have become participants in this project, namely: Severodonetsk, Vinnytsia, Uzhgorod, Cherkasy, ​​Kremenchuk, Bila Tserkva, Melitopol, Kamianske, Khmelnytskyi, Ternopil, Kryvyy Rih, Dnipro, Lutsk, Zaporizhzhia, Lviv, Poltava, Odesa, Chernivtsi and others.

The Urban Public Transport of Ukraine II project is a continuation of the Urban Public Transport of Ukraine I project jointly with the European Investment Bank and the European Bank for Reconstruction and Development, which has been already being implemented since May 2017 in Kyiv, Kharkiv, Lutsk, Odesa, Lviv, Zaporizhzhia. Sumy, Ivano-Frankivsk, Mykolaiv, Ternopil and Chernihiv.

Earlier, the Ministry of Infrastructure said that Ukraine could completely switch to urban electric transport by 2030.

Tags: EBRD, legislation, investments, Ukraine, modernization, ecology, decarbonisation, infrastructure, , ,

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