EIB provides €50 million to help Kyiv replace Russian-made metro coaches with a modern fleet

The European Investment Bank (EIB) and the city of Kyiv today signed a €50 million loan agreement to finance the purchase of new metro coaches. This initiative aims to modernise Kyiv’s metro fleet and provide reliable transport for millions of the capital’s residents. The agreement was signed today at EIB headquarters in Luxembourg during a visit by a delegation from the Kyiv City State Administration.

Before the war, 80% of Kyiv’s metro fleet came from Russian manufacturers. With over 60% of the fleet past its operational life, the new funding will allow outdated coaches to be replaced with modern, energy-efficient alternatives from local or international suppliers. 

The €50 million, supported by the EIB’s EU for Ukraine Fund, represents the first tranche of a €200 million loan made available by the Bank, with this initial amount being provided exclusively for the purchase of new metro coaches for Kyiv. 

The remaining €150 million will be provided following an EIB-funded feasibility study on the viability of buying further new coaches versus modernising some of the existing fleet. The total funding will enable Kyivskyi Metropoliten, the municipal enterprise that operates the Kyiv metro system, to upgrade or replace between 120 and 160 metro coaches, enhancing the city’s transport infrastructure.

Since the onset of Russia’s war in Ukraine, the EIB has provided more than €2 billion of financing for emergency repairs to the country’s demolished infrastructure. 

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Press release