EBRD and Kyiv Metro signed an agreement for the purchase of railcars

The European Bank for Reconstruction and Development (EBRD) and the Kyiv Metro signed a loan agreement in the amount of EUR 50 million for the purchase of 50 new metro railcars. Investments will be attracted under the guarantees of the Kyiv City Council, informs Railway Supply magazine referring to the website of the mayor of Kyiv Vitali Klitschko.

EBRD and Kyiv Metro signed an agreement for the purchase of railcars
Picture: kiev.klichko.org

“We are glad that cooperation with such a reliable partner of Kyiv as the European Bank for Reconstruction and Development continues. And today we are entering a new stage of such cooperation. We are talking about updating the rolling stock of the Kyiv metro. With an EBRD loan of EUR 50 million, we will be able to purchase 50 new railcars. This is, in fact, 10 metro trains in the capital, ”said Vitali Klitschko.

He expressed hope that the contract for the purchase of new railcars will be concluded by the end of this year. “Under the terms of lending, the city will receive a 12-year installment plan from the EBRD,” added the mayor.

Today the fleet of the Kiev metro is 800 railcars. About 100 of them are in critical condition and require renovation in the next 3-4 years. The EBRD loan will replace half of this obsolete rolling stock.

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