EBRD helps the Ukrainian city of Khmelnytskyi buy trolleybuses

The European Bank for Reconstruction and Development (EBRD) is lending €10.6 billion to Electrotrans, the urban transport company for the western Ukrainian city of Khmelnytskyi, to finance the purchase of new trolleybuses along with maintenance and diagnostic equipment.

The EBRD loan is part of a broader finance package, which includes an investment grant from the European Union’s Neighbourhood Investment Platform of up to €2.75 million and an investment grant of up to €1.7 million from the EBRD Crisis Response Special Fund, benefitting from a contribution from the government of the United States of America.

The project falls under the EBRD’s flagship EBRD Green Cities program. Khmelnytskyi is one of several Ukrainian cities to have joined the €5 billion program to plan a more liveable urban space for its more than 280,000 residents.

(WBJ)