The European Investment Bank provides a 4.36 EUR million loan to Lutsk for the purchase of new trolleybuses
On April 27, 2020, the City Council of Lutsk and the State Enterprise "Auto Assembly Plant №1 JSC Automobile Company" Bogdan Motors "signed a contract for the supply of 29 new low-floor 12-meter trolleybuses, including spare parts and consumables, as well as a set of equipment and tools for maintenance, repairs and related services. This contract was the first agreement signed within the EIB-funded Urban Public Transport of Ukraine project.
With a EUR 4.36 million loan from the European Investment Bank (EIB) under the ‘Ukraine Urban Public Transport’ (UUPTP) project, the city of Lutsk will benefit from 29 new energy efficient trolleybuses and greener public transport. Overall, 217,000 people living in Lutsk will benefit from the investment and gain better mobility around the city.
“A higher level of customer service and sustainability of public transport in Ukrainian cities will increase citizens’ quality of life, improve the environment and ensure energy savings. Sustainable, reliable and safe transportation will enhance economic growth and improve accessibility while respecting the environment,” says Jean-Erik de Zagon, Head of the EIB in Ukraine.
The EIB is a committed partner of Ukraine in financing public transport infrastructure projects. When investing in transport, the EIB pursues two core objectives: to make transport greener, safer and accessible and to strengthen the connectivity of goods and people. Since 2007, the EIB has signed financial contracts with Ukraine worth more than EUR 2 billion in various transport infrastructure projects within the country.
“Thanks to this cooperation 29 new trolleybuses will soon be on the routes. And the residents of our city will receive more comfortable, more accessible and ecological public transport,” commented Hryhorii Pustovit, Acting Mayor and Secretary of the Lutsk City Council.
Reference information
The European Investment Bank (EIB) is a public financial institution of the European Union. The EIB has been operating in Ukraine since 2007. The EU Bank supports Ukraine and helps create the conditions necessary for economic stability. The EIB has already provided loans to Ukraine totaling € 6.4 billion. The most important areas of EIB lending in Ukraine are social and economic infrastructure, transport and communications, local private sector development, energy efficiency, combating the effects of climate change and innovation.
More information: https://www.eib.org/en/projects/regions/eastern-neighbours/ukraine/index.htm
The Urban Public Transport of Ukraine (UUPTP) project is a € 200 million framework loan to finance public transport in 11 cities in Ukraine. The project is also focused on road safety in rural areas, unloading transport routes and stimulating the transition from private to public transport.
Contacts for media: Olga Sushitska, Communications Consultant, EIB Representation in Ukraine, tel: +380 67 243 63 55, o.sushytska@ext.eib.org ".