Kyiv plans to raise EUR150 mln of foreign investment for development of transport and IT
Kyiv City State Administration with the assistance of Poland's ZDG TOR consulting group plans to raise EUR150 million of investment from the European Union.
According to the press service of the administration, the parties signed a corresponding agreement in Warsaw (Poland) on October 29. The program is aimed at improving the system of public transport under the "smart and safe city" principle.
It is planned to use the funds raised for the modernization of public transport, transport infrastructure, IT systems, and consulting services. It is planned to upgrade 98% of tram infrastructure, rolling stock, as well as management systems and those for informing passengers.
The program will last five years and could be extended until 2030.
The heads of the transport departments of the Ukrainian and Polish capitals have also signed an agreement on cooperation and exchange of experience.
Western consultants will develop the concept of introducing an integrated ticketing system, as well as the concept of organizing and financing public transport in Kyiv.
Advertising
Advertising
MORE ABOUT
Canada's PM arrives in Kyiv to participate in summit of partner countries on third anniversary of Russian aggression against Ukraine
09:28, 24.02.2025
Lithuanian President arrives in Kyiv to participate in summit of partner countries on third anniversary of Russian aggression against Ukraine
09:27, 24.02.2025
Latvian President arrives in Kyiv to participate in summit of partner countries on third anniversary of Russian aggression against Ukraine
09:26, 24.02.2025
Spanish PM arrives in Kyiv to participate in summit of partner countries on third anniversary of Russian aggression against Ukraine
09:11, 24.02.2025
Spanish PM announces visit to Kyiv on Feb 24
13:40, 20.02.2025
LATEST
Canada contributes CAD 70 mln to Ukraine Energy Support Fund – Energy Community
20:36, 14.03.2025
Ukraine's Stock Market Commission presents virtual asset taxation framework to finance committee of Ukraine's Parliament
20:33, 14.03.2025
Shmyhal, Austrian FM discuss aid to Ukraine, sanctions against Russia, economic cooperation between two countries
20:31, 14.03.2025
Some 30 projects within NEFCO Green Recovery Program for Ukraine completed
10:42, 14.03.2025
Third group of REDpreneurUA program launched: support and development of existing business in Ukraine – URCS