Ternopil could receive up to EUR 9 million from EBRD for heating and transport
The European Bank for Reconstruction and Development is considering a loan of up to EUR 9 million for Ternopil to support municipal heating and public transport.
🏦Банки та грошіPhoto: Інтерфакс-Україна: економіка
Key points
- EBRD considers up to EUR 9 million loan for Ternopil
- Funds targeted at heating and public transport
- EU guarantees to cover part of the credit risk
The European Bank for Reconstruction and Development is reviewing a financing package of up to EUR 9 million for the city of Ternopil. The funds are intended to support municipal utility companies providing centralized heating and public transport services amid the ongoing war.
The initiative is part of the EBRD's resilience and livelihoods framework. The proposed package consists of a main tranche of EUR 6 million, alongside an additional financing option of up to EUR 3 million.
The proceeds will help cover operational expenses, ongoing maintenance, and critical repairs required for the uninterrupted functioning of municipal infrastructure. Part of the credit risk will be covered by a European Union guarantee under the Ukraine Investment Framework.
The bank emphasizes that maintaining reliable public services is essential for both local residents and displaced persons. Ternopil currently hosts approximately 226,000 residents, including around 28,000 internally displaced persons. The city has previously collaborated with the financial institution on upgrading its trolleybus fleet and modernizing heating systems.
Source Інтерфакс-Україна: економіка — interfax.com.ua/news/economic/1235349.html ↗
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