UKRAINE TO INVEST IN NEXT GENERATON PUBLIC TRANSPORT EQUIPMENT
The European Investment Bank will provide 200 million Euro to improve public transport infrastructure in 20 cities of Ukraine. The agreement was signed on 11 November 2016 by Vladimir Omeljan, Minister of Infrastructure of Ukraine and Vazil Hudak, Vice-President, European Investment Bank.
The Project "Urban public transport in Ukraine" is aimed to renew the fleet of buses, trams, trolleybuses, subway cars; construction and reconstruction of tram and trolleybus lines, replacement of traction substations, implementation of modern fare collection systems and information systems at the expense of attracted credit funds of the European Investment Bank and the European Bank for Reconstruction and Development. Total project cost is estimated at 400 million Euro.
The EU-Ukraine Association Agreement came into force on 1 January 2016. This agreement provides implementation of the European legislation and standards in transport industry. As a result of the decentralization process, budgets being at the disposal of local authorities have increased by 40%. Ukrainian regions obtained possibility to involve additional financing for own development programs.
Ukraine is interested to buy 1,200 tramcars and 2,000 trolleybuses, 700 subway cars, 23,400 buses (medium-size –4,300 units, large – 8,300 units, very large - 10,800 units); to upgrade 5,000 km of rail-tracks and contact lines, the total investment volume is estimated as 6.3 billion Euro.
Modernization projects for urban transport have been announced in the cities Cherkasy, Chernihiv, Chernivtsi, Dnepr, Ivano-Frankivsk, Kamenetz-Podolsky, Kharkiv, Kherson, Khmelnytsky, Kiev, Kropyvnytskyi, Lutsk, Lviv, Nikolaev, Odessa, Ternopil, Vinnitsa, Zhitomir.Vinnitsa and Zhitomir.