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EBRD to invest €150-200 million in Ukraine’s transportation sector over 2018

Source : 112 Ukraine

Lviv is going to receive a loan from the EBRD for the purchase of 50 trolleybuses and repair of a depot.
13:06, 18 April 2018

EBRD

The European Bank for Reconstruction and Development (EBRD) intends to sign 3-4 more agreements worth a total of €150-200 million in the transportation sector of Ukraine in the current year. The EBRD’s Transport Director Sue Barrett announced this at a press conference on Wednesday, the Center for Transport Strategies reports.

Related: EBRD supports Ukraine’s strategy for state-owned banks

According to Sue Barrett, the EBRD is in cooperation with the Ukrainian Railways public joint-stock corporation (Ukrzaliznytsya) and provides support for the nation’s port industry.

The EBRD’s Director for Ukraine Sevki Acuner said that the institution would sign about 25-30 agreements across various sectors of the nation’s economy in 2018.

Sevki Acuner expressed support for the concession law, the first reading of which the parliament approved on 3 April, and said that he expected a rise in investments after the law is introduced.

Related: EBRD supports Ukraine’s efficient grain logistics

As reported earlier, Lviv is going to receive a loan from the EBRD for the purchase of 50 trolleybuses and repair of a depot. At the same time, Kremenchuk intends to use the loan from the European Bank for Reconstruction and Development to finance the purchase of extra autonomous trolleybuses.

The European Bank for Reconstruction and Development is the largest international financial investor operating in Ukraine. As of today, the institution has committed almost €12.1 billion to a total of over 400 projects since it began operating in the country in 1993.

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