OREANDA-NEWS. February 28 2011. EBRD is ready to grant a loan of EUR 115mn to the Kyiv City Council, of which EUR 40mn will be allocated for purchasing 40 subway railcars for the Kyiv Subway, The Kommersant Daily reported Feb 24.

Millennium Capital considers the news as POSITIVE for Kriukiv Railcar, the only Ukrainian producer of subway railcars. The plant supplied 31 railcars to the Kyiv Subway in 2010. We estimate new order will bring an extra UAH 104mn in net revenues for KVBZ in FY11.