KYIV, Dec 7 - The European Investment Bank (EIB) in November approved the allocation of a loan to Kyiv in the amount of EUR100 million for the purchase of urban electric transport, including trolleybuses and subway cars, the bank's website says.

According to the report, the total cost of the project is estimated at EUR270 million.

"The project will be implemented by two final beneficiaries: municipal enterprise Kyiv Metropolitan (for metro coaches) and Kyivpastrans (for trolleybuses and trams) owned by Kyiv City Administration as the promoter of the project. The project is consistent with the Kyiv Development Strategy until 2025," the bank said.