EBRD and EU promoting efficient public transport in Ukraine
30.10.2019 09:32 "Agro Perspectiva" (Kyiv) —
City of Kherson to receive modern trolley buses, upgrade supporting infrastructure
· Kherson to buy 50 new trolley busses under Ukraine Public Transport Framework II
· EBRD loan of EUR10 million and EU investment grant of EUR1.5 million
· EU Municipal Project Support Facility to support investment with grants
The city of Kherson in southern Ukraine with a population of approximately 300,000 is replacing its ageing fleet of trolley buses with modern and ecologically friendly rolling stock and is the latest Ukrainian municipality to join the EBRD’s Public Transport Framework II for the country.
An EBRD loan of up to EUR10 million and an investment grant of up to EUR1.5 million from the EU Neighbourhood Investment Platform will be provided to Khersonelectrotrans, the city’s major transport utility, which operates 15 trolley bus routes with a total length of almost 120 kilometres and over 40,000 passengers daily.
The funds will be used to procure up to 50 new trolleybuses and spare parts as well as finance maintenance and diagnostic equipment. The investment will also include the modernisation and extension of the existing catenary network and the rehabilitation of the traction power substations.
The upgraded trolley bus fleet will help reduce energy consumption by at least 20 per cent and will reduce annual CO2 emissions by almost 4,000 tonnes.
Grant funding of up to EUR850,000 provided by the EU and the EBRD-Ukraine Stabilisation and Sustainable Growth Multi-Donor Account will help financing due diligence, project implementation measures as well as corporate development and sustainable urban mobility plan for Khersonelectrotrans.
The EBRD is the largest international financial investor in Ukraine. Since the start of its operations in the country in 1993, the Bank has made a cumulative commitment of almost EUR13.6 billion through 432 projects in the country.