EBRD WILL ISSUE EUR160 MLN TO KHARKIV TO EXTEND THIRD SUBWAY LINE

Business news from Ukraine

EBRD WILL ISSUE EUR160 MLN TO KHARKIV TO EXTEND THIRD SUBWAY LINE

4 Dec , 2017  

KYIV. Dec 4 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) will provide Ukraine with a EUR 160 million loan for the extension of the “green” subway line in Kharkiv.
According to the announcement posted on the bank’s website, the bank board of directors approved this project on November 29 this year.
The EBRD said the European Investment Bank (EIB) will provide co-financing of the same amount in the form of a sovereign loan, which it approved in September.
According to the materials of these international banks, Bernard Ingenieure ZT GmbH, under the contract with the EBRD, developed a feasibility study of the Kharkiv Metro expansion project, involving enterprise with foreign investments Tebodin Ukraine in due diligence.
The project provides for the extension of the “green” metro line in Kharkiv by 3.47 km towards the airport, the construction of two metro stations Derzhavynska and Odeska, the construction of depots and the purchase of 85 rolling stock units.
It is assumed that both stations and the section from the existing tunnels to the Derzhavynska station (959 meters) will be built in an “open way,” while the tunnels between the new stations (2,514 meters) will be built with the help of a tunneling complex.