EBRD backs metro project in Ukraine

EBRD backs metro project in Ukraine

Published: July 30, 2012

US$186mn sovereign loan will help municipal transport operator extend city line.

The European Bank for Reconstruction and Development is providing a €152mn (US$186mn) sovereign loan to develop the metro system in Dnipropetrovsk, Ukraine.

The money has been loaned to Dnipropetrovskiy Metropolitan, the municipal company operating the city's metro system, and will pay for completing the existing metro line between the city centre and the suburbs.

The project is expected to be co-financed on an equal basis by the European Investment Bank (EIB).

The EBRD is the largest financial investor in Ukraine, having committed more than €7.4bn in 293 projects.