Ukraine plans to replace obsolete urban public transport rolling stock

The Ministry of Infrastructure of Ukraine and the European Investment Bank (EIB) have reached an agreement for the co-funding of projects to replace the obsolete rolling stock of municipal public transportation companies in Ukraine for the total amount of 300 million EUR.

Based on the based on the proposals from cities, the credit portfolio of the program for the replacement of the rolling stock of urban public transportation companies reached approximately 600 million EUR. The Ministry of Infrastructure and EIB have previously reached an agreement for financing up to 50 % of the total project costs.