The International Finance Corporation (IFC) from the World Bank Group has approved the issue of up to 27 million euros to the municipal company High-Speed Tram (Shvydkisny Tramway) to finance a project for the city’s purchase of 50 trams and reconstruction of 1 km of tram lines.
According to IFC’s information on the website, the relevant issue was approved by the board of directors of the financial corporation on June 10.
“The tram vehicles will be operating on the existing underground and on the ground tram lines of the city and will be replacing obsolete vehicles. The component relevant to the tramway line rehabilitation will take place on circa. One km section of Sobornosti Avenue, one of the main east-west transport arteries in the city center, located in the Metalurhiv district of Kryvy Rih,” the bank said.
“The construction is expected to start in April 2021 and to be completed by December 2021. The work involves dismantling the existing rail tracks and the overhead catenary, laying new tracks, mounting the catenary lines and final clean up and landscaping,” it said.
“Shvydkisny Tramway operates and owns (the right of economic management) 144 units of passenger rolling stock (underground and over the ground) with two depots. Currently, 123 units of rolling stock are being operated beyond their standard service life, hence the project will contribute to the safety and environmental performance of the fleet as well as improving comfort for passengers including improved accessibility,” the report states.
