EBRD supports Ukrainian city of Lviv with €25 million loan
The European Bank for Reconstruction and Development (EBRD) is providing €25 million to the city of Lviv in western Ukraine, which has received large numbers of internally displaced people as a result of Russia’s war against Ukraine, to help it adapt to the situation.
The EBRD loan will provide liquidity support both for the city government and for key municipal companies, including the transport company Lvivelectrotrans, the road construction, maintenance and traffic-management enterprise Lvivavtodor, the water operator Lvivvodokanal, the district heating company Lvivteploenergo and the waste management operator Zelene Misto.
It will help compensate for temporary revenue losses and additional war-related expenses and to support these entities in providing essential services.
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