You're reading: Kyiv to raise Hr 350 million to buy 77 trolleybuses, reads city council decision

Kyiv City Council has authorized Kyiv City State Administration to attract a Hr 350 million loan to buy 77 trolleybuses.

Some 101 deputies supported the decision at a meeting of Kyiv City Council on Thursday.

According to the decision, the loan will be raised for the purchase of 77 trolleybuses.

Kyiv City Council permitted municipal enterprise Kyivpastrans to carry out the purchase of trolleybuses.

Along with this, relevant amendments have to be put to the city budget and the program of socio-economic development for the current year, and funds for the loan repayment should be foreseen when developing the draft city budget and the program of socio-economic development for next years.

The main department of municipal property at Kyiv City State Administration should determine a list of municipal objects that could be provided to secure the credit.