EBRD may allocate 100 mln euros to improve public transport in Ukraine

The European Bank for Reconstruction and Development (EBRD) is considering the possibility to allocate 100 million euros to improve public transport in Ukraine.

The EBRD press service reported.

According to the statement, the EBRD is considering a 100 million Ukraine Public Transport Framework consisting of municipal-guaranteed loans to public transport companies in Ukraine to facilitate critical improvements in public transport infrastructure in Odesa, Chernihiv, Chernivtsi and several other cities across Ukraine.

The EBRD will sign a loan agreement with a respective company and a guarantee and project support agreement with a respective city in each case. Each loan will be guaranteed by the respective municipality.

By Ukrinform