Business news from Ukraine

Business news from Ukraine

EIB has financed modernization of kindergartens and purchase of trolleybuses in Ternopil

17 August , 2026  

With support from the European Investment Bank (EIB), Ternopil has completed the energy-efficient modernization of four kindergartens at a cost of approximately EUR5 million and put 17 new Ukrainian-made trolleybuses into service, financed by the EIB to the tune of EUR5.5 million, the financial institution reported.

“Strong municipalities are crucial for Ukraine’s resilience and recovery. In Ternopil, our financing is delivering tangible improvements that make essential services greener, more efficient, and more accessible,” said EIB Vice President Karl Neghammer.
The modernization project covered kindergartens No. 1, No. 14, No. 20, and No. 21, which are attended by more than 1,100 children and employ 250 staff members.

In these facilities, buildings were insulated, windows and doors were replaced, heating and ventilation systems were modernized, energy-efficient lighting was installed, and accessibility was improved. This is expected to reduce energy consumption by at least 20%.
The work was funded under the Ukraine Municipal Infrastructure Development Program (UMIP).

In addition, with EIB support, Ternopil received 17 new trolleybuses manufactured by the Ukrainian company Elektronmash LLC. Their purchase, costing EUR 5.5 million, was funded under the “Urban Public Transport in Ukraine II” (UUPTP II) project.
The new trolleybuses are equipped with low floors, energy-efficient heating and air conditioning systems, passenger information systems, GPS, video surveillance, and ramps for passengers with limited mobility.

As previously reported, in late 2024, the Lviv-based “Elektron” Group, after winning the tender, signed a contract with the municipal enterprise “Ternopilelektrotrans” to supply 17 low-floor 12-meter trolleybuses worth EUR5.5 million, manufactured by its subsidiary, “Elektronmash” LLC.
Since the start of Russia’s full-scale invasion in 2022, the EIB has provided Ukraine with EUR4.5 billion in financing to support the country’s resilience and modernization.

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