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Tue July 23 2024

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EBRD mulls finance for Ukraine metro

6 Jan 12 The European Bank for Reconstruction and Development (EBRD) is considering a loan of €152m (£125.7m) for a metro extension in the Ukraine.

The total project cost is €367m to extend the existing six-station line in Dnipropetrovsk by 4km. Three stations will be added in order to provide metro services into the city centre.

The project will devolve ownership of the metro operating company Dnipropetrovskiy Metropolitan from the central government to the city.

Investment in metro operations is intended to lead to a significant modal shift away from cars and diesel buses to clean, high-capacity urban rail along the extension. Initial estimates show an estimated reduction of 530,000t CO2 over the first 10 years of operation.

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