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Publish Date : 13-Nov-2017

UKRAINEs cabinet has granted approval to Kharkiv Metro to sign loan deals with the European Investment Bank (EIB) and the European Bank for Reconstruction (EBRD) which will fully-fund a project to expand the metro network in the countrys second-largest city.

The EIB and EBRD will each provide EUR 160m for the 320m Kharkiv Metro Expansion project, which comprises three elements:
a 3.47km southern extension of the Green Line from Metrobudivnykiv to Dezhavinska and Odeska
construction of a new depot for the Green Line, and
procurement of 85 new metro cars.

The Green Line extension requires to build a 959m-long cut-and-cover tunnel with a 2.5km bored tunnel between Dezhavinska and Odeska.

The deal with the EIB will be signed on November 23, while that t with the EBRD will be sealed by November 30.

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