Kyiv Mayor Vitaliy Klitschko and Matteo Patrone, the European Bank for Reconstruction and Development’s managing director for Eastern Europe, sign a 50-million-euro loan agreement on Feb. 26 in Kyiv. Kyiv will spend the money on 50 new subway cars for the Kyiv Metro.
The European Bank for Reconstruction and Development (EBRD), Ukraine’s largest international financial investor, wants to encourage more Ukrainians to use public transport.
The EBRD loaned Kyiv 50 million euros to buy 50 new metro cars that will comprise 10 metro trains, according to Kyiv Mayor Vitaliy Klitschko. Today, Ukraine has 800 metro cars but many of them have to be replaced or renovated, Klitschko said.