The European Bank for Reconstruction and Development (EBRD) is providing the city of Kyiv with a loan of 150 million euros to purchase new energy-efficient subway cars, spare parts, and maintenance and diagnostic equipment for the Kyiv Metro municipal enterprise, the bank’s press office announced on Wednesday.
The loan is backed by a partial guarantee from Spain and supplemented by grant funding from the bank’s internal resources.
“The new subway cars are expected to be up to 25% more energy-efficient than the outdated cars they will replace, ensuring a more environmentally friendly, safer, and more reliable subway service,” the statement said.
In addition to the purchase of rolling stock, the EBRD will fund an audit of the metro’s accessibility to develop an action plan for inclusive transportation throughout Kyiv, tailored to the needs of people with disabilities, veterans, elderly passengers, and parents with children. The bank will also support a three-year training program for female electric train drivers in partnership with UN Women’s “She Drives” initiative to address the labor shortage.
In total, since the start of Russia’s full-scale invasion in February 2022, the EBRD has allocated nearly 11 billion euros to support Ukraine’s real economy.
EBRD, KYIV, LOAN, METRO, TRANSPORTATION
