Municipal Transport Infrastructure Development
Ten USAID Project Partner Cities Will Receive Funding for Transport Infrastructure Development
The web site of the President of Ukraine announced: "Petro Poroshenko has signed the Law of Ukraine "On Ratification of the Financial Agreement (Project "Municipal Public Transport of Ukraine") between Ukraine and European Investment Bank (approved by the Verkhovna Rada of Ukraine on 12 April 2017).
Financial Agreement # 172 was signed on 9 November 2016. Its objective is to allow municipalities to take out, against state guarantees, up to € 200 mln in credit from the European Investment Bank for spending on improvements to municipal public transportation. Eleven Ukrainian cities are involved: Bila Tserkva, Ivano-Frankivsk, Kyiv, Kremenchuk, Lutsk, Lviv, Odesa, Sumy, Ternopil, Kharkiv, and Chernihiv. Ten of them (except for Bila Tserkva) are partner cities of the USAID Municipal Energy Reform Project in Ukraine, one of the priorities of which is the improvement of transport infrastructure.
The funds borrowed are projected to be used to procure buses, trolley-buses, trams, metro cars, the construction and reconstruction of trolley-bus and tram lines and depots, and the introduction of information systems, in particular, automated fare payment systems.
This project will also receive co-financing, against local guarantees, from the European Bank for Reconstruction and Development for a total amount of up to € 200 mln.