Subway in Kharkiv to be built under financial assistance of EBRD, EIB
Ukrainian Finance Minister Oleksandr Danyliuk signed financial and guarantee agreements on raising sovereign loans from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) EUR 160 million each on behalf of Ukraine on December 11 in the Presidential Administration in the presence of the Ukrainian president.
The project would allow building two subway stations towards the airport, a new electric depot and buy new rolling stock 85 wagons.
Tthe implementation of the project would start after signing of the relevant agreement with Kharkiv Metropoliten municipal enterprise and the city council.
The EBRD told Interfax-Ukraine that the signing of the loan agreement is scheduled for December 18 in Kharkiv.A feasibility study for the project was supported by grant funding provided by the government of Japan.
The EBRD is the largest international financial investor in Ukraine. To date, the bank has made a cumulative commitment of almost EUR 11.6 billion through 383 projects since the start of its operations in the country in 1993.