Kyiv City Council OKs raising of UAH 0.5 b under state guarantees to build Teremky metro station

17:54, 24.10.2013 1 min read

Kyiv City Council has permitted the transport infrastructure department of Kyiv City State Administration to raise in 2013 UAH 500 million in credit funds under state guarantees to finish building of Teremky metro station.

A total of 79 people's deputies of Kyiv City Council voted for the relative decision on Wednesday sitting.

The term to raise funds is up to 60 months, and the maximum interest rate shouldn't exceed 10%, said the director of the transport infrastructure department of Kyiv City State Administration, Yevhen Vodovozov.

According to the decision, municipal enterprise Kyiv Metropolitan will return the credit money by raising it from its fares.