KIEV, Nov. 11 - The European Investment Bank is lending EUR 200 million to the Ministry of Transport to support sustainable municipal transport infrastructure in 20 municipalities.

The agreement was signed by Ukrainian Infrastructure Minister Volodymyr Omelyan and EIB Vice President Vazil Hudak in the presence of Ukrainian Prime Minister Volodymyr Groysman on November 11.

"This project is important for Ukrainian cities. It allows to considerably upgrading municipal transport: this is the modernization of tram and trolleybus fleets. I would stress particularly that in the conditions of financial decentralization local budget can cooperation with IFIs [international financial institutions] themselves and implement similar projects," Groysman said.