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EBRD lends €10 million to Ukraine's Ternopil for new trolleybuses, grants €3 million for district heating

Ternopil, Ukraine (Photo from EBRD)

The European Bank for Reconstruction and Development (EBRD) said it is providing a €10 million loan to Ternopilelectrotrans, a public transport operator in Ukraine's western city of Ternopil, for the procurement of new trolleybuses.

Ternopilelectrotrans will use the funding to modernize its fleet with up to 39 new energy-efficient, low-floor vehicles, along with updated maintenance and diagnostic equipment.

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Switzerland launches CHF 50 million call for private-sector reconstruction projects in Ukraine

Switzerland launches CHF 50 million call for private-sector reconstruction projects in Ukraine

Switzerland has launched a new call for investment projects involving Swiss companies in Ukraine, making up to 50 million Swiss francs ($61 million) available to help finance reconstruction and economic recovery efforts, the Swiss government said on May 28. The initiative targets Swiss companies with an established presence in Ukraine

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