The EBRD will loan Kyiv €50 million to buy new subway cars, Mark Magaletsky, deputy head of the bank’s Ukraine office, said yesterday. Mayor Klitschko said the City Council has voted to provide local guarantees for the loan. The money is expected to go to renewing the metro fleet where 100 of the 800 cars in service are considered to be in critical condition. One new subway car costs about €1 million.
The EBRD will loan Kyiv €50 million to buy new subway cars
