Ukraine: EIB to finance biggest tram renovation in 30 years in Kharkiv

On 11 November, the European Investment Bank (EIB), the Kharkiv City Council and the Saltivske Tram Depot municipal enterprise officially launched their partnership in preparation for the Kharkiv City Urban Electric Transport project.

The main objective of the planned project is to upgrade tram services in the city by procuring new trams and by modernising war-torn and worn-out track, systems and depot infrastructure. 

The preparations will be financed by a €400,000 technical assistance grant funded by the EIB-managed Eastern Partnership Technical Assistance Trust Fund (EPTATF), established by the EIB in 2010 as a trust fund to enhance the development impact of investment projects and finance technical assistance operations in the Eastern Partnership countries, including Ukraine. 

Following the technical preparations, and once conditions allow the works to start, the EIB will consider financing the entire project.

“This will be a major renewal and expansion of the tram system, which the city has not carried out in the past 30 years,” Mayor of Kharkiv Ihor Terekhov said. “Kharkiv and our tram depot need proper experience and skills in preparing such investments.”

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Press release