Description

The European Investment Bank (EIB) is lending EUR 160m to finance improvements to the public transport system in Ukraine’s second largest city. EIB funds will support the extension of the Kharkiv metro network to a residential area with a high population density, making it more attractive for commuters. The EIB loan will facilitate the shift away from an excessive car use to a more sustainable transport system with positive consequences on climate and the quality of the urban environment in the city. It will contribute upgrading public transport in the southern part of the city of Kharkiv, an area which is currently only served by trolleybuses, buses and mini buses. This project involves the extension of the existing Green Metro Line by 3.5 km, including two new metro stations – “Derzhavinska” and “Odeska”, the construction of a new depot and the renewal of the fleet via the purchase of 85 new rolling stock units, making up 17 five-car trains. The works are expected to be completed by the end of 2023. The project will be co-financed with the European Bank for Reconstruction and Development.