The European Investment Bank (EIB) and the Ukrainian government signed agreements for three loans totaling EUR 640 million for financing the implementation of priority infrastructure and transport projects on 9 December.

The Ministry of Infrastructure announced this in a statement, the CFTS portal reports.

"Three loan agreements were concluded with the EIB today, under which Ukraine will receive EUR 640 million for improving infrastructure in the eastern region, rehabilitating the road network in the Luhansk region, and purchasing electric public transport in almost 20 Ukrainian cities," said Minister of Infrastructure Vladyslav Kryklyi.

According to him, a loan of EUR 340 million will be provided for rehabilitation and improvement of key social and transport infrastructure in the eastern region.

A loan of EUR 100 million will be provided for restoration of road networks in the Luhansk region, namely repair of two sections of the P-66 Highway under the "Eastern Ukraine: Reconnect, Recover, Revitalize (3R)" project.

An EIB loan of EUR 200 million will be provided for implementation of the Ukraine Urban Public Transport II project, which will support electric urban public transport schemes aimed at purchasing new rolling stock (trolleybuses, trams, metro coaches, and electric buses) or rehabilitating the existing urban public transport infrastructure or extending it with new elements.

According to the statement, the government has already tentatively identified the 18 cities that will participate in the project. They are Severodonetsk, Vinnytsia, Uzhhorod, Cherkasy, ​​Kremenchuk, Bila Tserkva, Melitopol, Kamianske, Khmelnytskyi, Ternopil, Kryvyi Rih, Dnipro, Lutsk, Zaporizhia, Lviv, Poltava, Odesa, and Chernivtsi. The final list will be compiled after ratification of the agreement with the EIB.