An EBRD loan will help the city of Kiev ease traffic congestion, improve road safety and decrease pollution. The governments of Finland, Canada and France will provide technical cooperation funds for the project.
Traffic volumes are on the up
2.7 million people live in Kiev. Traffic volumes are rising fast and congestion on the busiest routes into the city centre needs to be eased. The EBRD has provided Kievdorservice, the municipal traffic management agency, with a €15 million loan that will help pay for a package of traffic management systems.
The systems to be introduced include automated speed control and enforcement, variable message signage, in-pavement traffic sensors, CCTV and rapid emergency response systems. With these technologies, Kievdorservice should be able to manage traffic more effectively, improve air quality through lower congestion levels and increase road safety on some 20 km of the city’s main arteries.
Support from other countries
Technical co-operation funds provided by the governments of Canada, Finland and France will be used to help Kiev prepare final technical specifications and full tender documentation. The money will also go towards developing public-private partnerships in order to attract private sector involvement in initiatives such as parking schemes.
This project supports environmentally-sustainable urban transport and will improve the overall quality of local transport used by residents and visitors of Kiev.
This is the third set of long-term transport financing from the EBRD; in 2007 the Bank also committed €100 million for the modernisation of trains and buses in Kiev.