Investors have committed millions of euros to extend and modernise a tram system in the historic Ukrainian city of L’viv.
The European Bank for Reconstruction and Development (EBRD) has committed a loan of up to €6 million and investment grant of up to €5 million from the German Ministry for the Environment, Nature Conservation and Nuclear Safety in a bid to improve transport infrastructure in the city.
Most of the funding will go towards tram network, specifically the extension of line 4 from the Medieval city centre to the outlying community of Sykhiv.
The EBRD said the money would support the city in an ongoing investment programme designed to modernise the area’s road and rail networks, and build on an earlier programme funded by the organisation which has seen improvements made the system’s infrastructure, depots and rolling stock.
