12:18 15.12.2017

EBRD to provide EUR 10 mln to Dnipro to buy trolleybuses

EBRD to provide EUR 10 mln to Dnipro to buy trolleybuses

Dnipro Mayor Borys Filatov has signed a trilateral agreement between the City Council, municipal enterprise Dniprovsky Electric Transport and representatives of the European Bank for Reconstruction and Development (EBRD) on preparing a EUR 10 million loan to buy 50 new trolleybuses and repair equipment.

"There were a lot of different questions about why the mayor makes so many trips abroad. This is exactly the result of my visit to London. Thanks to this cooperation, Dnipro will be able to fully update the trolleybus fleet," Filatov said in Dnipro on Friday.

According to him, the loan will be granted for 12 years at 7% per annum at a full responsibility of the City Council. The first tranche is expected in March 2018.

"We are pleased to continue our cooperation with Dnipro. We hope that this project will be a good impetus for the development of electric transport in the city. Public transport of Dnipro would reach a new level. We hope that this is not the last project, because there are common ideas for financing the purchase of trams," Senior Banker of EBRD Mark Magaletsky said.

New electric transport will be bought in 2018.

Representatives of the City Council said that this year the city also buys 13 Belarusian trolleybuses manufactured by Belkommunmash under a leasing agreement at 14% per annum, while usually similar deals are signed at 20-21% per annum. State-owned enterprise Pivdenmash (Yuzhmash) will supply 12 more trolleybuses.

All the trolleybuses are low-deck and air conditioned.

In the past two years the city bought 52 trolleybuses.

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