The Kyiv city council adopted a decision that will allow implementation of an agreement with the European Bank for Reconstruction and Development (EBRD) on provision of funds for purchasing 50 wagons for the Kyiv subway on September 3.

This was announced by Viktor Brahynskyi, the director the Kyivskyi Metropoliten company, which operates the Kyiv subway, the CFTS portal reports.

"Fifty brand new wagons will soon go on service in the subway. The Kyiv city council finally provided guarantees to the EBRD yesterday to allow conclusion of an agreement. In total, the project is worth EUR 50 million," he said.

“The city council has provided guarantee to the European Bank for Reconstruction and Development that the Kyiv subway will fulfill its debt obligations. The payment for the guarantee of fulfillment of the obligations under the agreement with the EBRD is UAH 17,000. In total, the agreement will allow purchase of up to 50 brand new wagons for the Kyiv subway," said Andrii Strannikov, the chairman of the Kyiv city council’s standing committee on budget affairs.

The Kyiv subway has an inventory rolling stock of 821. It operates 546 wagons daily during rush hour.

As reported earlier, the EBRD’s board of directors approved provision of EUR 50 million for purchase of rolling stock for the Kyiv subway in March this year.

"The new wagons will be operated on the Syretsko-Pecherska subway line, a new section of which will connect downtown Kyiv to the Vynohradar residential district," said Anton Usov, the EBRD’s external affairs spokesman for Eastern Europe & Central Asia. The agreement was expected to be signed before the end of the second quarter of 2020.