- EBRD arranging €17.5 million financing package for the city of Lviv
- Project to be co-financed by Clean Technology Fund
- New trolleybuses to reduce electricity consumption and cut CO2 emissions
The EBRD is improving the quality of transport in Lviv, the largest municipality in western Ukraine with a population over 700,000, by arranging a financing package of up to €17,5 million for the acquisition of up to 50 new trolleybuses.
The package consists of a 13-year EBRD loan of up to €15 million and a loan of up to €2.5 million provided by the Clean Technology Fund. The funding will be made available to the municipal public transport company Lvivelectrotrans, which operates 10 trolleybus routes with a total length of almost 75 kilometres in the city.
The project will finance the acquisition of up to 50 new trolleybuses as well as maintenance equipment, the rehabilitation and modernisation of two electric transport depots and the catenary network.
It is expected that the upgrade will reduce electricity consumption by approximately 20 per cent and will cut CO2 emissions by 1,907 tonnes annually. The investment is supported by the Municipal Project Support Facility funded by the EU.
The EBRD is the largest international financial investor in Ukraine. Since the start of its operations in the country in 1993, the Bank has made a cumulative commitment of almost €13.1 billion across some 418 projects in Ukraine.