27 July 2012: The European Bank for Reconstruction and Development (EBRD) has announced that it is providing a €152 million sovereign loan to finance a fast and low-carbon public transport solution in Ukraine. The loan, for the benefit of Dnipropetrovskiy Metropolitan, the municipal company operating the metro system in the city of Dnipropetrovsk, Ukraine, is expected to be co-financed by the European Investment Bank (EIB), and will extend the existing metro line by four kilometres and add three new metro stations.

The project’s preparation was supported by Austria and through the EBRD Shareholder Special Fund. A grant funding package of over €900,000 also will be available from the EU’s Neighbourhood Investment Facility.

Jean-Patrick Marquet, EBRD Director for Municipal and Environmental Infrastructure, highlighted the goal of supporting the development of clean, efficient and modern urban transport in Ukraine. He noted that by introducing sustainable and clean urban transport, environmental and economic benefits will be provided, including lower emissions. [EBRD News]