14/11/2016 (Agence Europe) – On Friday 11 November, the European Investment Bank (EIB) announced that it was lending €200m to the Ministry of Transport in Ukraine to support the modernisation of public transport infrastructure in 20 Ukrainian municipalities. The objective of this support is to promote sustainable municipal transport through a modal shift from road to electric transport and the more efficient operation of existing public transport systems in municipalities across Ukraine. 50% of the €400 million investment costs for this project will be covered by the EIB. It will also be co-financed by the European Bank for Reconstruction and Development (EBRD). (EH)