EBRD backs Kyiv metro upgrade with €150 million loan

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EBRD loan for Kyiv metro upgrade

Highlights

EBRD is providing a €150 million loan, partially guaranteed by Spain, for Kyiv to modernise its metro with new cars and maintenance equipment.
New railcars will be up to 25 percent more energy efficient than existing stock, supporting safer and more reliable wartime transport operations in Kyiv.
EBRD complements the loan with a public transport accessibility audit and supports Kyiv Metro’s electric train driver training, including the UN Women’s She Drives initiative.

Financing plan for metro renewal

As reported by the European Bank for Reconstruction and Development, the lender is providing a €150 million loan to the City of Kyiv to help modernise the metro system and sustain critical transport services. The financing will allow the city to buy new metro cars, spare parts and tools, alongside maintenance and diagnostic equipment for operator Kyivski Metropolitan.

The loan is backed by a partial guarantee from Spain and is complemented by grant funding from the EBRD’s internal resources. The new railcars are expected to be up to 25 per cent more energy efficient than the ageing stock they are replacing, supporting greener, safer and more reliable operations.

Wartime transport and broader city impact

Kyiv’s metro remains central to the capital’s transport network and its stations also function as temporary shelters during missile and drone attacks on the city. Reliable service is therefore important not only for daily commuting, but also for internally displaced people and the wider functioning of Kyiv’s wartime economy.

Beyond the rolling stock purchase, the EBRD is working with the city on a public transport accessibility audit that will inform an action plan for more inclusive infrastructure and services across Kyiv. The effort is aimed at improving access for people with disabilities, veterans, older passengers and people with young children.

The bank is also supporting Kyiv Metro’s training programme for electric train drivers in partnership with UN Women’s She Drives initiative. Participants receive three years of professional training, a step intended to address staff shortages and widen employment opportunities for women.

The EBRD, Ukraine’s largest institutional investor, has expanded its support for the country since the full-scale invasion began in February 2022. It has made almost €11 billion available to Ukraine over that period, focusing on energy security, infrastructure, food security, trade and private sector support.

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