Business news from Ukraine

EIB TO ISSUE LOAN TO LVIV TO RENEW TRAMS

9 September , 2020  

The European Investment Bank (EIB) within the framework of the Ukraine Urban Public Transport project is providing Lviv with EUR 12 million loans for the purchase of ten new low-floor trams.
According to the press service of the Ministry of Infrastructure of Ukraine, the relevant agreement between the bank, the Ministry of Infrastructure and the city authorities was signed on September 2.
According to the ministry, another EUR 8.8 million will be additionally financed from the city budget.
Head of the European Investment Bank representative office in Ukraine Jean-Erik DE ZAGON said the EIB loan for new trams in Lviv will contribute to the development of environmentally friendly and sustainable transport. As representatives of the climate-oriented EU bank, they are convinced that a well-functioning tram network can make a significant contribution to reducing the number of cars on roads and thus reducing environmental pollution and mitigating climate change.
Lviv Mayor Andriy Sadovy also supported this position.
“We have a clear position – electric transport should dominate. First of all, these are environmental issues, because 30% of all diseases in the world are caused by air quality. And secondly, it is financially profitable. In addition, low-floor trams and trolleybuses manufactured here, in Lviv, contribute to comfortable movement around the city for all its residents, including those with limited mobility,” he said.

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