Ukraine received 46 million euros: nine cities will purchase new buses

Ukrainian cities will receive new buses funded by European money, reported the Ministry of Finance. Public transport will be purchased with funds provided by the European Investment Bank. A total of 46.1 million euros has been allocated for the development of four urban projects.

• The municipal infrastructure development program and Urban Public Transport of Ukraine each received 13.3 million euros;
• Urban Public Transport of Ukraine 2 received 14.7 million euros;
• 4.8 million euros have been allocated for energy efficiency of public buildings in Ukraine.

The received funds will be spent on acquiring transport for nine cities, as well as on modernizing water supply and sewage systems, cleaning landfills, and other energy-efficient measures.

Support from the European Investment Bank

EIB has already provided Ukraine with over 168 million euros for these programs, most of which are intended for updating urban transport. Financing is carried out through the European Union Ukraine Facility initiative with the guarantees of the European Commission.

The Deputy Minister of Finance Olga Zykova expressed hope for further cooperation and the expansion of the use of EU guarantee mechanisms to implement more restoration projects.

Development of Ukraine's infrastructure

In addition to transport, EIB also finances the reconstruction of roads, railways, energy facilities, medical institutions, and social infrastructure. The bank's loan portfolio in Ukraine consists of 27 projects totaling 4.7 billion euros.

Thus, with the support of the European Investment Bank, Ukraine will have the opportunity to improve the infrastructure of cities, acquire new transport, and implement a number of energy-efficient measures.