The European Bank for Reconstruction and Development (EBRD) has arranged loans for financing upgrade of municipal rolling stock in the city of Dnipro. The EBRD will provide a 12-year loan of up to EUR 11.5 million and the Clean Technologies Fund will provide a loan of up to EUR 1.5 million, the CFTS portal reports, citing the Interfax Ukraine news agency.
"The funds will be provided to the Dniproelektrotransport public transport utility for purchase of 44 low-floor trolleybuses," said Anton Usov, EBRD senior adviser on external relations.
The EBRD approved loans totaling EUR 100 million to several Ukrainian cities in October 2015. The loan was intended for improving public transport infrastructure with a focus on upgrade and improvement of transport efficiency. The first was a loan of EUR 8 million to Odesa.
According to the EBRD, four loan agreements for a total of EUR 38 million were signed with trolleybus utilities in Mariupol, Kryvyi Rih, Kharkiv, and Zhytomyr under this program in 2018. The loans are guaranteed by these cities.
Similar agreements were signed with municipal trolleybus utilities in Lviv (EUR 10 million), Kremenchuk (EUR 8 million), and Ivano-Frankivsk (EUR 8 million) in 2016.
As the CFTS reported earlier, Kharkiv will use EBRD funds to buy 57 trolleybuses from Bohdan Motors.