The Board of the European Bank for Reconstruction and Development (EBRD) on Wednesday approved a 50 million euro loan for the procurement of rolling stock for Kyiv Metropoliten, EBRD Senior Adviser on External Affairs Anton Usov has said.
“The EBRD Board has today approved a € 50 million loan to Kyiv metro for the procurement of metro cars to be used in the extended metro line to Vynohradar. We are expecting to sign the project by end of Q2 2020,” he wrote on his Facebook page.
As reported, Kyiv City Council in April 2019 approved the attraction of a loan of 110 million euro from the EBRD to buy rolling stock under the Kyiv City Public Transport Project II. According to the decision, municipal enterprise Kyiv Metropoliten will receive a loan of 50 million euro at 6% per annum and the period of up to 12 years, including the two year grace period for paying the principal of the loan.
The EBRD is the largest international financial investor in Ukraine. Since the beginning of its activity in the country in 1993, the bank has financed 445 projects for a total amount of almost 14.6 billion euro.
