- EBRD providing a 12-year loan of €8 million for acquisition of rolling stock for Kharkiv
- Up to 57 new trolleybuses and equipment to cut CO2 emissions by 2,250 tonnes
- Project to be co-financed with €2 million from Clean Technology Fund
The city of Kharkiv, Ukraine’s second largest municipality with a population of one and a half million, will introduce new ecologically-friendly trolleybuses thanks to an investment project financed by the EBRD.
A 12-year senior EBRD loan of €8 million and a parallel loan of €2 million from the Clean Technology Fund will help finance the acquisition of up to 57 new trolleybuses and necessary maintenance equipment. Kharkiv’s 260-kilometre long trolleybus network has 23 routes and is used by more than 140 million passengers every year.
The new rolling stock will be procured for the communal transport enterprise “Troleybusne Depo №2”, one of the two local municipal transport companies. The introduction of the new trolleybuses is expected to reduce electricity consumption by around 20 per cent and CO2 emissions by 2,250 tonnes annually.
The implementation of the project and financial due diligence are supported by the Municipal Project Support Facility funded by the European Union.
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.