EBRD to allocate EUR100 mln to Ukrainian cities to upgrade transport

EBRD Senior Adviser for External Affairs Anton Usov told Interfax-Ukraine that the bank's board of directors made the decision on October 14. According to the project, credit funds will be given to public transport enterprises in Odesa, Chernihiv, Chernivtsi and a number of other cities in the country under municipal guarantees. At the same time, prior to the signing of relevant agreements the EBRD intends to issue EUR2.5 million within technical cooperation, after signing another EUR5.5 million. As part of consultation and technical cooperation in the subproject in Odesa it is planned to grant EUR50,000 before signing the contract, EUR350,000 - after its signing.