KYIV, March 1 - The European Bank for Reconstruction and Development (EBRD) and Kyiv Metropoliten, a rapid transit system, have signed an agreement for EUR 50 million loan to purchase 50 new subway cars, the Kyiv State Administration reported.

"Today we are signing a loan agreement between the EBRD and Kyiv Metropoliten and a guarantee agreement between Kyiv City Council and the EBRD. And I hope that by the end of this year we will conclude a contract for the purchase of new cars for Kyiv Metropoliten. Under the terms of the loan, the city will receive an installment payment plan from the EBRD for 12 years," Mayor of Kyiv Vitali Klitschko said.