World Bank finances Kyiv transport renewal

Photo from Ukrinform–UATV

The International Finance Corporation, which is the part of the World Bank Group, plans to start a series of public transport park renewal projects with Ukrainian cities.

This was stated by Regional Manager of the IFC in Ukraine, Belarus, Moldova Jason Pellmar in an interview with CTS, informs Economichna pravda.

“We begin to work with municipalities in the area of infrastructure. At the first stage, we want to focus on the development of urban transport. Currently we are holding talks with Kyiv, Mariupol, Khmelnytskyi and some other cities,” Pellmar said.

He expects to show some results by the end of this year: for example, upon the project of purchase of trolleybuses in Mariupol.

“In Kyiv, we are conducting an analysis jointly with the World Bank: we consider the overall plan of development of the transport system, including Light Rail, roads, Bus rapid transit,” said the Head of the IFC area division.

Pellmar said that IFC’s partnership with cities is not limited by the transport sector.

BRT system for Kyiv was offered by the World Bank. According to its researches, there is a high demand for the corridor: Troieshchyna – Petrivka – Dorogozhychi – Chokolivka – Sevastopol Square.

Passenger traffic flow of this route will be up to 141,000 passengers per day and construction will cost about UAH 5 billion.

Ukraine will receive telecommunication equipment for USD 1.5 million from China.