November 11, in the framework of a meeting of Prime Minister
of Ukraine Volodymyr Groysman and Vice-President of the European Investment
Hudák there have been inked a financial
Agreement (project "Urban public transport in Ukraine") between
Ukraine and the EIB. It was signed by Minister of Infrastructure Volodymyr Omelian and Vice-President of the European Investment Bank Vazil Hudák.
The project will contribute to the implementation of the
National Urban Public Transport programme promoted by the Government of Ukraine
and covers municipal schemes involving the purchase of new or modernisation of
existing rolling stock, e.g. trolleybuses, trams and buses, and the
rehabilitation and construction of public transport infrastructure such as tram
lines, bus lanes, stations and depots.
The project is called to improve the quality of providing
public transportation services and to ensure sustainable operation and further
development of existing public transport systems.
"The Agreement gives us the opportunity to
significantly upgrade public transport, which is very important as regards to
providing quality transport services in cities. I think that our citizens are
waiting for such changes and today's Agreement will provide a rather powerful
impetus to make it happen,” said Volodymyr Groysman. “This project is important
for municipalities across Ukraine".
In this regard, the Prime Minister thanked Vice-President of
the European Investment Bank Vazil
Hudák for the support of the project
and willingness to sign it.
The project is aimed to retrofit the fleet of passenger
transport in Kyiv, Bila Tserkva,
Lutsk, Lviv, Odessa, Sumy, Ternopil,
Kharkiv and Chernihiv.
The European Investment Bank (EIB) is
lending EUR 200million to the Ministry of Transport of Ukraine
to support sustainable municipal transport under the state guarantee to
the term of up to 22 years with a grace period of up to 5 years. The project
will be co-financed by the European Bank for Reconstruction and Development
(EBRD), from local budgets and final beneficiaries.
The European Investment Bank plans to finance the project in
fifteen tranches within 5 years.
The Government counts upon further constructive collaboration
between Ukraine and the European Investment Bank and is committed to join in
the preparation of the cooperation program for the following 2-3 years.