Ukraine: EBRD backs green transport upgrade for Cherkasy

The European Bank for Reconstruction and Development (EBRD) has announced that it is lending €16 million to the City of Cherkasy in Ukraine to finance the purchase of modern trolleybuses and the upgrade of related infrastructure for the city.  In a press release, published on 5 December, the Bank said the investment would strengthen sustainable urban mobility and ensure uninterrupted public transport services amid the wartime challenges facing Ukraine.

The loan, fully guaranteed by the city, will be co-financed by an investment grant of up to €4 million from the EBRD Shareholder Special Fund and will benefit from partial first loss risk cover under the European Union’s Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience Programme (UIF MIIR). This initiative promotes green transition and resilience in Ukraine’s economy by supporting sustainable investments in green city infrastructure, greening logistics chains, energy efficiency and green technology transfers.

The financing will enable Cherkasyelektrotrans, the municipal public transport operator in Cherkasy, to expand its fleet with new low-floor trolleybuses, modernise depots and other infrastructure, and extend and realign three trolleybus routes. 

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Press release