In ENGLISH | РУС/УКР
Sign in | Register
Mobile version | Subscription | RSS Archive
KyivPost

Dnipropetrovsk Metropoliten in municipal ownership now

Print version
Oct. 21, 2011, 2:30 p.m. | Ukraine — by Interfax-Ukraine
SEE ALSO
Dnipropetrovsk – Lawmakers of Dnipropetrovsk city council have decided to create Dnipropetrovsk Metropoliten municipal company and transfer to it the balance sheet of the subway. First Deputy Head of City Mayor, Anatoly Krupsky, said that the municipal ownership form of Dnipropetrovsk subway is a condition of cooperation with the European Bank for Reconstruction and Development (EBRD).

"Today we're considering the issue of crediting the construction of the subway via the EBRD. One of the conditions the bank has is municipal ownership of the subway," he said.

Krupsky said that the transfer of the subway would not only allow financing from the EBRD to be obtained, but would also give the city control of a powerful enterprise.

He said that Dnipropetrovsk subway was continually obtains subsidies from the city budget.

Earlier Vice Premier and Infrastructure Minister Borys Kolesnikov promised that Dnipropetrovsk subway would obtain state guarantees on a loan from the EBRD.
READ MORE IN SECTION
The Kyiv Post is hosting comments to foster lively debate. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. If you think that a posted comment violates these standards, please flag it and alert us. We will take steps to block violators.
Advertising link

KyivPost

© 1995–2012 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.