The European Bank for Reconstruction and Development (EBRD) has approved a EUR 100 million financing facility for public transport improvements in a number of Ukrainian municipalities.
The funds will be used for the renewal of municipal rolling stock, buses, trolleybuses and trams, and the rehabilitation of the exisiting public transport infrastructure.
Individual projects under the Ukraine Public Transport Framework will help replace ageing municipal transport with new ecologically friendly rolling stock. The municipalities are expected to achieve significant energy savings and to reduce operational costs associated with public transport management.
A significant technical cooperation programme will form an integral part of the framework. This will include implementation support, corporate development to the municipally owned public transport companies and strengthening of regulatory systems. Funding from international bilateral/multilateral donors is anticipated or the Bank’s Shareholder Special Fund.