KIEV, Oct. 4 - The European Investment Bank will open a credit line of EUR200 million to finance investment in urban public transport to 20 municipalities in Ukraine.

According to a report on the bank's website, the EIB board made the corresponding decision on September 23.

The EIB notes the project is aimed at increasing the frequency and regularity of public transport in the medium-sized cities of Ukraine. It is expected that the funds will also help reduce harmful emissions by switching to electric transport. This will have a positive effect on the local economy.