Support The Moscow Times!

EBRD Lends to Metro

The European Bank for Reconstruction and Development is providing a 152 million euro ($187 million) loan to the municipal company that operates the metro system in Dnipropetrovsk, Ukraine, the bank said Friday.

The project, which is expected to be co-financed on an equal basis by the European Investment Bank, will finance completion of the existing metro line, which will extend the line by 4 kilometers and add three new metro stations. On project completion, metro traffic flow is expected to double to over 20 million people by 2026, while also providing much-needed congestion relief to the busiest part of Dnipropetrovsk city center.

The EBRD is also providing a loan of $35 million to finance construction of a highway in Tajikistan, the bank said. The loan will be used for the last unreconstructed part of the old highway within Tajikistan that connects Europe and Asia, the urban section of the road within the capital, Dushanbe.

(MT)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.